NZDUSD 18-01-2018 Intra-day analysis

USD rebounds but investors question if the dollar can hold on to the gains

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NZDUSD intra-day analysis

NZDUSD (0.7270): The NZDUSD was seen trading flat yesterday despite the currency pair rising to a fresh 4-month high. Forming an outside bar, the current rally in NZDUSD could be seen coming to a close. The downside correction could see NZDUSD falling back to 0.7160 in the near term. Finding support at this level could offer a temporary bounce in price. However, if the support fails, NZDUSD could slip towards the 0.6943 support level.


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