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. - 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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