NZD/USD Forecast July 15, 2016, Technical Analysis

The NZD/USD pair went back and forth during the course of the day on Thursday, ultimately settling on a negative candle. However, I see so much in the way of support just below that I think we will bounce and eventually got above the 0.73 level. If we get a supportive candle, then it’s likely that the markets will go higher from there as well. Quite frankly, I have no interest whatsoever in selling this market as long as we stay above the “floor” that I see at the 0.70 level below.