NZD/USD Forecast April 4, 2017, Technical Analysis

The NZD/USD pair fell initially during the day on Monday, but found enough support below the 0.70 level to keep somewhat afloat. Because of this, I believe that we could bounce and reach towards the 0.71 handle, which is the top of the blue box that I have on the chart. Nonetheless, the one thing I think you can count on is quite a bit of volatility as we continue to chop everywhere in the markets right now. I would stick to short-term trades, and would not expect too much at this point as far as movement is concerned.

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