NZDUSD (0.7097): The New Zealand dollar managed to post a convincing close above 0.7062 level yesterday. Price action is expected to continue to the upside as it approaches the 0.71 handle. In the near term, the declines could be seen limited to the 0.7062 level which could now be tested as support. However, lower support at 0.7023 could also be tested following the breakout from this level and price action is still pending a retest of support at this level
