NZD/USD Forecast April 19, 2017, Technical Analysis

The New Zealand dollar rallied during the day on Tuesday, testing the highs again. I believe that the market is trying to get to the 0.71 handle above, which has been significant resistance in the past. Because of this, I believe that short-term buyers may jump into the market, but I’m not looking for anything major to happen. I believe that we are stock in consolidation, and will more than likely stay there for the foreseeable future as there are a lot of concerns geopolitically around the world. If we get an exhaustive candle near the 0.71 level, I would be willing to sell. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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