NZD/USD: Daily
Watch out, Kiwi bulls! NZD/USD is nearing a long-term area of interest visible on its daily forex chart, and this might keep the pair’s gains in check. The 61.8% Fibonacci retracement level lines up with the broken support level around the .7700 major psychological level, which might hold as resistance. If that happens, NZD/USD could eventually make its way back down to the previous lows near the .7200 major psychological support. A strong break past .7700, on the other hand, could mean a move up to the next resistance at .7900.
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