The NZD / USD pair has soared since March 2020 and is still in a "strong bullish" state. The current price is at the level of 0.69500 and is almost above the 2019 high level which is at the level of 0.69700.The current price level is the highest price level for the year. Most likely the price will continue to the level of 0.7000 and make a jump before it is likely that the price correction will occur slightly.
0.7200 - 0.7400 is a strong price resistance zone which formed in 2018. If the price reaches that level, it is expected that the price will return. The price range for the first quarter of 2021 is likely to be between 0.7400 - 0.7000.
AHMAD FAIZUDDIN BIN RAZALI
CHIEF ANALYST OF CDG GLOBAL