NZDUSD (0.7367): The New Zealand dollar is looking to slowly edge higher with two consecutive days of gains. This comes amid Monday’s bullish engulfing candlestick near the top end of the rally. Following a strong consolidation around 0.7300 level, NZDUSD is seen extending the gains closer to 0.7368 region. The continued upside momentum could keep prices supported near this level in the short term. Tonight’s inflation report could however signal a short term correction in prices. Support is seen at 0.7160.
: The New Zealand dollar is looking to slowly edge higher with two consecutive days of gains. This comes amid Monday's bullish engulfing candlestick near the top end of the rally. Following a strong consolidation around 0.7300 level, NZDUSD is seen extending the gains closer to 0.7368 region. The continued upside momentum could keep prices supported near this level in the short term. Tonight's inflation report could however signal a short term correction in prices. Support is seen at 0.7160.){kind=link}