NZD/USD Forecast July 27, 2016, Technical Analysis

The NZD/USD pair broke higher during the course the day but gave back quite a bit of the gains. With this, looks as if we did break through some stop loss orders on the short side though, so I believe that it’s given enough time going to be a bullish market that reaches towards the top of the overall consolidation area. Short-term volatility will continue to be an issue, and at this point in time it will take quite a bit of patience to deal with all of the back and forth action that we should see.