NZD/USD Forecast February 13, 2017, Technical Analysis

The NZD/USD pair initially fell during the day on Friday but turned around to show signs of life again. After the significant fall on Thursday, it makes sense that perhaps the buyers will reenter the market near the 0.72 level. If we can break above the top of the candle, the market should then reach towards the 0.7350 level yet again. This is a market that has been bullish for some time, and the pullback of course offers value that people can take advantage of. I have no interest in selling the New Zealand dollar.

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