NZD/USD Technical Analysis: March 14, 2017
The New Zealand dollar against the U.S. dollar traded with high volatility in the market as traders are trying to assess in this low level of trades. The 0.70 mark is seen to be strongly resistive and forms of exhaustion will have a potential for selling. However, if the market is able to break lower than the current psychological level, this signals the opportunity for selling. Contradictingly, it is not favorable to buy this pair but if the price moves higher than the 0.70 mark, making it a significant change in direction.
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