NZD/USD Forecast June 7, 2016, Technical Analysis

The NZD/USD pair fell slightly during the course of the day on Monday, but quite frankly, after we had seen so much bullish pressure on Friday, I would anticipate that sooner or later we would have buyers enter this market and continue to push the value the New Zealand dollar higher. The market should reach towards the 0.70 level, so this point in time, buyer on signs of support or bounce seen. I have no interest whatsoever in selling, and believe that the 0.6850 level will be a bit of a floor at this point in time.

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