New Zealand Dollar's Upward Move May be Short-lived

  • Support: 0.7025
  • Resistance: 0.7184
  • The NZDUSD pair made an upward move contrary to the overall down trend, but the rebound faces resistance from the confluence of a key psychological level as well as 38.2% Fib retracement of the decline from 0.8110 at 0.7200 USD.

[B]NZDUSD (Daily Chart)

[/B]Prepared by DailyFX Research Team
Source: Bloomberg
See Daily Technicals for more detail.