The New Zealand Dollar after trading as low as 0.7200 against the US Dollar found support and traded higher. There is a major bullish trend line formed on the hourly chart of the NZDUSD pair, which is acting as a support and taking the pair higher.
If the pair corrects lower from the current levels, then the trend line support may act as a barrier for sellers.
One may even consider buying NZDUSD as long as it is above the trend line and look for a move towards the 0.7280 level.
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