NZD/USD Forecast July 13, 2016, Technical Analysis

The NZD/USD pair broke higher during the course of the day on Tuesday, testing the 0.73 level. We believe that this market will continue to go higher, so therefore short-term pullback should be buying opportunities. I also feel the same way that we break above the top of the range during the day on Tuesday, as we should then reach towards the 0.75 level. There is a significant amount of noise between here and the 0.70 level, so having said that I believe that a supportive candle between here and there should be buying opportunities.

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