NZD/USD Forecast June 27, 2016, Technical Analysis

The NZD/USD pair fell significantly during the course of the day on Friday after we got the result of the United Kingdom EU referendum vote. With that being the case, we ended up finding quite a bit of support at the 0.70 level below, and a result we ended up forming a bit of a hammer, and that of course is a bullish sign. However, we need to see short-term supportive candles on short-term charts in order to start going long. In the meantime, expect quite a bit of volatility as the markets have been dealt a significant shock.