NZDUSD 2017-12-19 Intra-day analysis.

U.S. dollar weakens as Congress expected to pass tax reform bill

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NZDUSD intra-day analysis

NZDUSD (0.6999): The New Zealand dollar continues to trade flat after price action breached past the resistance level 0.6981. This level is now expected to act as support and any declines are expected to be testing this level in the short term. To the upside, the bullish momentum is expected to push the kiwi dollar towards the 0.7062 level of resistance. However, further gains can be expected if the consolidation breaks out to the upside. Price action will need to close above the previous highs formed at 0.7022.


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