NZDUSD (0.7420): The New Zealand dollar is seen testing the highs around 0.7420 level, marking the highs established from two weeks ago. The reversal in the price action suggests upside momentum with the U.S. dollar continuing to remain weak. Watch for a retest of support near the 0.7333 region which served as resistance. To the upside, NZDUSD could be targeting 0.7480 level where the next main resistance level will be tested.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.