New Zealand Dollar Approaching 0.8000

  • Support: 0.7686
  • Resistance: 0.7846
  • Bullish trend is expected to survive as long as 0.8333 remains intact and rate speculation favors another RBNZ rate hike.
  • Should momentum not build into the kiwi?s break into its new highs, market forces may turn and traders could work in an easily won retracement.

[I]NZDUSD(Daily Chart)[/I]

Source: Bloomberg[/I]
SeeDaily Technicalsfor more details: