NZD/USD Forecast April 5, 2017, Technical Analysis

The New Zealand dollar initially tried to rally on Tuesday but then crashed to a low-price near the 0.6980 handle. If we can break down below the bottom of the range for the Tuesday session, I believe that this market will reach towards the 0.69 handle underneath. I don’t have any interest in buying, to me it looks as if the sellers are becoming more aggressive, and therefore I feel that the New Zealand dollar will drop from here. A break above the top of the range for the session on Tuesday could have me changing my mind though. - 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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