NZDUSD the pair faces further corrective recovery as it closed higher the past week. Support lies at the 0.6250 level where a break will turn attention to the 0.6200 level. A break of here will have to happen to create scope for a move higher towards the 0.6150 level. Further out, resistance resides at the 0.6100 level. Resistance stands at the 0.6350 level. Further down, the 0.6400 level comes in as the next downside target and then the 0.6450 level. All in all, NZDUSD faces further recovery threats in the new week.
