NZD/USD Forecast July 3, 2017, Technical Analysis

The New Zealand dollar initially tried to rally during the day on Friday, and reached towards the downtrend line on the weekly chart. We have try to break above it twice, but continue to find sellers. If we can make a fresh, new high, then the market should go much higher. I think that we are starting to see bullish pressure build up, so I am a buyer, and not a seller. Given enough time, I expect that this market will go looking for the 0.75 level above. I believe that the 0.73 level underneath should be supportive.

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