The New Zealand dollar initially tried to rally during the week, but it sees plenty of resistance just above at the 0.7233 region. At this point in time, if we can break above there, then it is likely that the New Zealand dollar could go looking towards the 0.73 handle. A breakdown below the bottom of the weekly candlestick has this market looking for support at lower levels, and I would be especially interested in the New Zealand dollar near the 0.70 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.