NZDUSD (0.7352): The NZDUSD has been trading sideways with price strongly consolidating around the 0.7333 level. Further evidence is required of a break down below this level that could validate a correction towards 0.7160. To the upside, the potential for a bullish pennant pattern could indicate further gains. However, the fact that NZDUSD has been trading flat near the current highs suggests exhaustion to the rally.
: The NZDUSD has been trading sideways with price strongly consolidating around the 0.7333 level. Further evidence is required of a break down below this level that could validate a correction towards 0.7160. To the upside, the potential for a bullish pennant pattern could indicate further gains. However, the fact that NZDUSD has been trading flat near the current highs suggests exhaustion to the rally.){kind=link}