NZD/USD Forecast April 7, 2017, Technical Analysis

The New Zealand dollar rallied after breaking above the top of the hammer from the previous session on Thursday, but continues to find resistance at the 0.70 handle. Because of this, it’s likely that the market will face quite a bit of volatility but after the jobs number comes out, and a break above the 0.70 level could send this market looking for the 0.71 handle. Pullbacks will have to deal with support near the 0.69 handle. Either way, is can be volatile in the New Zealand dollar pair during the session today.