NZDUSD, hit the 0.7450-0.77 long-term resistance zone, at the end of February. Kiwi couldn’t test much the powerful resistance zone, just for 2 days but fundamentals are still favoring the New Zealand Dollar against the greenback. There is huge potential if a break occurs for the medium to long-term, possibly to 0.90-ish levels.
For the shorter-term, NZDUSD is pricing just above the 1-year uptrend. As long as the price stays above 0.72, upward pressures may continue. But below that level, Kiwi may retrace to the 100-day moving average, an alternate uptrend following indicator.
