NZDUSD 0.7100 still on track
The New Zealand dollar is still holding firm against the US dollar currency, as the greenback remains under pressure across the board on the foreign exchange market. NZDUSD bulls may be preparing to test towards the neckline of a large head and shoulders pattern close to the 0.7100 level. A break above the 0.7070 resistance level is required to accelerate technical buying interest.
The NZDUSD pair is only bullish while trading above the 0.7030 level, key resistance is found at the 0.7070 and 0.7100 levels.
The NZDUSD pair is only bearish while trading below the 0.7030 level, key support is found at the 0.7000 and 0.6970 levels.