Technical analysis for the NZD/USD, the pair bounced from the support at 0.7122 with strong bullish momentum, resuming the bullish trend. The first target of the daily bullish run is at the previous high at 0.7464, the second target is the 1.272 FIB extension at 0.7555, the third is the 1.618 FIB extension at 0.7675. We must note that we need to see a break above the resistance zone between 0.7300 – 0.7320 to confirm this bullish outlook.
On the other hand, the support zone between 0.7122 – 0.7115 is key support for the NZD/USD, if the pair break below it, it will send the price lower and invalidate the above bullish outlook.
Review our technical analysis for NZD/USD pair for 2021 targets.