NZDUSD (0.7352): The NZDUSD has been trading sideways with price strongly consolidating around the 0.7333 level. Further evidence is required of a break down below this level that could validate a correction towards 0.7160. To the upside, the potential for a bullish pennant pattern could indicate further gains. However, the fact that NZDUSD has been trading flat near the current highs suggests exhaustion to the rally.
:%20The%20NZDUSD%20has%20been%20trading%20sideways%20with%20price%20strongly%20consolidating%20around%20the%200.7333%20level.%20Further%20evidence%20is%20required%20of%20a%20break%20down%20below%20this%20level%20that%20could%20validate%20a%20correction%20towards%200.7160.%20To%20the%20upside,%20the%20potential%20for%20a%20bullish%20pennant%20pattern%20could%20indicate%20further%20gains.%20However,%20the%20fact%20that%20NZDUSD%20has%20been%20trading%20flat%20near%20the%20current%20highs%20suggests%20exhaustion%20to%20the%20rally.){kind=link}