NZD USD flows to more than one month tops
9/20/2017 11:51:07 AM
The NZD/USD pair rapidly rebound a dip to 0.7305 region and touched a 5-week high level of 0.7378 in the past hour.
The constant momentum appears strong enough to boost the pair nearer to the 0.7404 handle, above which the up-move could get expanded towards 0.7437 horizontal persistence.
On the other hand, any retracement might now find immediate support near the 0.7343 area, which if broken would turn the pair at risk to drift back towards the 0.7305 handle.
FOREX market analysis by FxErvin.