NZDUSD broke the bullish trend which was supporting the upward moves since the middle of November. Kiwi is currently trying to stabilize between a 200-hour moving average and 0.70 support. If 200 MA continues to pressure the NZDUSD, upward moves may create selling opportunities. Below 0.70, Fibonacci %61.8 and %76.4 levels can be followed as supports in the short-term.
Daily closes over 200 MA can change the general direction of the kiwi and the local top of 0.7171 can be a good target for upside moves.
