NZD/USD Forecast June 23, 2016, Technical Analysis

The NZD/USD pair rallied during the course of the session on Wednesday, breaking out to new highs at one point during the day. Ultimately, a pullback at this point in time should be a buying opportunity, as there is more than enough bullish pressure underneath the keep this market going higher. On the other hand, if we break above the top of the range for the day, that would also be a reason to go long of the New Zealand dollar as it certainly looks very strong recently. Having made a “higher high”, it’s an opportunity to start buying again.

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