NZD/USD analysis

[Billy Jury]

The NZDUSD market is under the moving average as well as parabolic sar which strongly refers that there is bearish signal to the sellers indeed. So sellers should take an entry at 0.7049 and the target point is at 0.6988.

 

[BillyR]

Any subsequent retracement is likely to find support near the 0.6910-0.6900 region, below which the pair could head back towards YTD lows support near the 0.6860-50 area. 

On the flip side, the new zealand currency to usd between  0.6975-80 region now seems to have emerged as an immediate resistance, which if cleared should assist the pair to build on its momentum back above the key 0.70 psychological mark.