NZD/USD Forecast April 25, 2017, Technical Analysis

The NZD/USD pair tried to rally at the open on Monday but gave back all of the gains and ended up forming a negative candle. It looks as if the market is going to continue consolidating overall, so I think that we could sell off just a bit. I don’t have any interest in trading this market, I believe that there are easier trades to have in the Forex markets right now. If we can break above the 0.71 handle, that would be a very bullish sign but I don’t see it happening right now.