NZD/USD Forecast July 14, 2016, Technical Analysis

The NZD/USD pair initially fell during the course of the day on Wednesday, but turn right back around to form a hammer at the top of the uptrend. Because of this, and the fact that we are clearing the 0.73 level, I believe the market will continue to go higher, and with that being the case I am bullish on a break above the top of the range for the day as we should then reach towards the 0.75 handle, the next natural large number. Pullbacks at this point in time should continue to find buyers below.