NZD/USD Forecast April 21, 2017, Technical Analysis

The New Zealand dollar initially rally during the day on Thursday, but turned around to form a shooting star. It looks as if a breakdown below the 0.70 level should send this market looking for the 0.6925 handle. Alternately, if we break above the top of the candle that would be a very bullish sign and could send this market looking for the 0.7150 level above. Either way, I think this is going to be a very choppy and volatile marketplace, and quite frankly I’m perfectly content to sit on the sidelines. - 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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