The NZD/USD currency pair is working on the support level of 0.7180, turned around and fulfilled almost 80% of the previous fall. Currently, we see how the price has already reached the resistance level of 0.7340, feeling a periodic ceiling near it. It is possible to assume that the current value of 0.7340 may be excellent for short positions, which can be observed now. In the case of a massive "bear" interest, perhaps, we could pull to the value of 0.7280.
The second variation of the possible plot is the formation of the range within 0.7300 / 0.7350.
Key Levels
Resistance zones: 0.7340; 0.7430; 0.7550.
Support zones: 0.7280 *; 0.7180
* Periodic level
Draw your attention: Predictions are not a direct guide to action!
