NZD/USD Forecast February 11, 2016, Technical Analysis

The NZD/USD pair broke higher during the day on Wednesday, breaking the top of the shooting star from Tuesday. While this is a bullish sign, the reality is that the market has a lot of noise build into it, and of course the New Zealand dollar is highly sensitive to commodities in general. Because of this, we are a bit hesitant to get involved, but we do recognize that if there is a play, it’s going to be to the upside in this particular market for short-term trading. We have no interest in selling at the moment.