NZDUSD (0.6925): The NZDUSD currency pair closed bullish yesterday as price action is looking to maintain the bullish momentum. Following the consolidation off the triangle pattern formed near the bottom, NZDUSD is seen attempting to breakout to the upside. Short term resistance at 0.6911 remains key and a bullish close above this level could signal further gains. On the 4-hour chart, price action is biased to the upside. Short term consolidation near 0.6911 could remain in play. The next resistance level is identified near the 0.6981 level which could be breached if the kiwi dollar maintains the bullish momentum.
