By CountingPips.com
NZDUSD: The New Zealand dollar was virtually unchanged against the US dollar last week for a second consecutive week and possibly making a consolidation base around the 0.7700 price level. The NZD/USD currency pair currently trades right above that level at the 0.7702 level. Looking out further for this week’s trading, the pair will likely find overhead resistance at the 0.7750 level while support may be found near the key price level of 0.7700 before the 0.7635 — 0.7650 potential support level comes into play.
Written by Zac Storella, CountingPips Forex Blog & Currency Pair Technical Analysis
