NZD/USD Forecast June 21, 2016, Technical Analysis

The NZD/USD pair rose during the course of the session on Monday, but gave back some of the gains as we approached the most recent high. That being the case, the market looks as if it could pullback but at this point in time I feel that the 0.7050 level should continue to be massively supportive and as a result short-term supportive candles could be a nice buying opportunity in a market that obviously has quite a bit of upward pressure. I have no interest whatsoever in selling this market as the market looks so well supported.

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