NZDUSD (0.7066): The New Zealand dollar is showing signs of exhaustion to the rally following the previous two day’s doji close. A bearish close today could indicate a near term correction in price. Support at 0.7062 remains a key level for the currency pair. A break down below this level could see the correction extending lower to 0.6917. To the upside, if the support holds, NZDUSD is likely to extend the gains to the next resistance level found at 0.7160.
