NZDUSD 2017-12-27 Intra-day analysis

Markets subdued amid holiday trading

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NZDUSD intra-day analysis

NZDUSD (0.7052): The New Zealand dollar managed to consolidate above the 0.7023 level. After breaking out higher above this level, price action briefly dipped to establish support. The current bullish momentum is expected to push NZDUSD to the upside as it approaches the next key resistance level of 0.7062. Price action could either continue to the upside on a successful breakout above this resistance level. Alternately, a reversal here could see price turning flat and trading within the range.


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