NZDUSD 05-01-2018 Intra-day analysis

NZDUSD intra-day analysis

NZDUSD (0.7158): The New Zealand dollar managed to keep the bullish momentum going as price action was seen testing the target of 0.7160. We expect to see NZDUSD easing from its bullish momentum near this level. Lower support is seen at 0.7062 which could be the immediate downside. The NZDUSD could maintain a sideways range if supported above this level. A break down below could however spell further declines down to 0.6917.