NZDUSD (0.7338): The NZDUSD posted a second day of declines on Thursday as the rebound in the U.S. dollar pushed the currency pair lower. Price fell below the 0.7333 level earlier today but quickly managed to rise back. In the short term, NZDUSD could be seen consolidating at these levels but the momentum could be weakening as the support at 0.7160 remains in focus to the downside. For the kiwi dollar to post further gains, price action is expected to rise above the previous highs near 0.7400 in order to continue the rally.
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