NZD Rebounded to the high versus USD
5/5/2017 12:13:11 PM
The NZD/USD pair changed course and rebounded higher from daily lows got near 0.6860, after the RBNZ survey showed highest inflation expectations since Q3 2014.
To the upside, the next persistence is placed at 0.6910, above which it could expand gains to 0.6957 and from there to 0.6978. To the downside immediate support might be placed at 0.6848, and from there to 0.6841, below 0.6805 would be tested.
FOREX market analysis by FxErvin.