NZDUSD (0.7302):The New Zealand dollar continues to trade flat around the 0.7300 handle with the currency pair failing to close any higher. This consolidation could keep the NZDUSD trading flat in the near term. This also suggests however, that the NZDUSD could be ripe for posting a correction. Support at 0.7160 remains in view to the downside as it marks a horizontal support level as well as the break out level from the falling trend line.
