NZD/USD Forecast February 26, 2016, Technical Analysis

The NZD/USD pair broke higher during the course of the day, testing the top of the consolidation area that we have been in for some time now. That being the case, looks like we’re in a try to test the 0.6750 level and perhaps even break above there. Ultimately, this is a market that should continue to be back and forth, and could see a market go as high as 0.69 if we do manage to break out. At this point though, we need a daily close above the aforementioned 0.6750 level in order to start buying.