Technical analytics


The NZD returned to a recovery after the recent sell-off. Sellers managed to lead the major to 0.7275 the other day. The downward momentum faded around the mark. A fresh buying interest emerged in the night. The kiwi started its recovery and was able to reclaim 0.7300 in the morning. The spot remained well bid during the first part of the day. The resistance exists at 0.7350, the support stands 0.7300.

The NZD could maintain momentum, if it stays above the 0.7300 area. A move above 0.7330 will neutralize the selling pressure further. If the price gets above the mark we see the pair extending its rise towards 0.7350.

New articles