The New Zealand dollar is recovering on improved risk appetite across the board.
The pair has found solid bids in the demand area (0.7120) on the daily chart. The subsequent breakout above 0.7230 indicates strong buying interest. 0.7140 is the key support to keep the bullish momentum going.
The RSI has returned to the neutrality area, leaving room for another round of rally.
On the upside, 0.7285, a critical resistance, would be the next target. Its breach could open up the highway towards 0.7400.
