Forex Flash: Technically, NZD/USD looks set to consolidate - BNZ

FXstreet.com (Barcelona) - Mike Jones of BNZ has taken a technical look at the outlook for NZD/USD and believes that it is likely to consolidate ahead.

Looking at key levels, he highlights support at 0.8400, ahead of 0.8365 and resistance at 0.8570, ahead of 0.8675. He feels that the rejection of the 0.8550 topside means more sideways consolidation looks likely in the near term.