NZDUSD 0.7200 possible
The New Zealand dollar continues to rise against the US dollar currency, as antipodean currencies are performing well on the foreign exchange market. NZDUSD bulls may be preparing to take the pair towards the 50 percent Fibonacci retracement of the current yearly low to high. Further gains in the NZDUSD pair seem likely while the pair trades above the 0.7100 support level.
The NZDUSD pair is only bullish while trading above the 0.7100 level, key resistance is found at the 0.7170 and 0.7200 levels.
The NZDUSD pair is only bearish while trading below the 0.7100 level, key support is found at the 0.7070 and 0.7000 levels.