NZDUSD (0.7323): The New Zealand dollar edged higher on Tuesday as price posted an intraday high of 0.7354. However, the Kiwi was seen giving up the gains rather quickly. A bearish close on the day off the intraday highs could signal an eventual decline in the coming few sessions. Support at 0.7160 remains in focus for the Kiwi dollar as we expect prices to correct back to this support level. On the 4-hour chart, the Stochastics oscillator continues to point to easing momentum which could signal a potential correction.
:%20The%20New%20Zealand%20dollar%20edged%20higher%20on%20Tuesday%20as%20price%20posted%20an%20intraday%20high%20of%200.7354.%20However,%20the%20Kiwi%20was%20seen%20giving%20up%20the%20gains%20rather%20quickly.%20A%20bearish%20close%20on%20the%20day%20off%20the%20intraday%20highs%20could%20signal%20an%20eventual%20decline%20in%20the%20coming%20few%20sessions.%20Support%20at%200.7160%20remains%20in%20focus%20for%20the%20Kiwi%20dollar%20as%20we%20expect%20prices%20to%20correct%20back%20to%20this%20support%20level.%20On%20the%204-hour%20chart,%20the%20Stochastics%20oscillator%20continues%20to%20point%20to%20easing%20momentum%20which%20could%20signal%20a%20potential%20correction.){kind=link}