NZD/USD Forecast November 9, 2016, Technical Analysis

The NZD/USD pair initially fell on Tuesday but found enough support to pop over the 0.7250 level. By doing so, the market looks as if it is ready to go much higher but I also recognize that there is a significant amount of resistance just above and extending all the way to at least the 0.75 handle. I think pullbacks offer buying opportunities, so supportive candles on short-term charts might be used in order to go long. I believe that given enough time we will continue to see buyers reenter this market so I have no interest in selling at all.

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