NZD/USD Forecast February 16, 2017, Technical Analysis

The NZD/USD pair initially fell on Wednesday but turned around and found quite a bit of bullish pressure as we cracked above the 0.72 handle again. If we can break above the highs from the session, I believe that we will then reach towards the 0.7250 level, and then eventually the 0.7350 level. The market has been in an uptrend for some time, and this pullback to the 38.2% Fibonacci retracement level looks healthy. I have no interest in shorting this market, I believe that we are going higher given enough time.