Credit Suisse discusses NZD/USD technical outlook and maintains a bullish bias over the medium-term.
"We might see another near -term consolidation phase over the next few days, prior to a resumption of the core bull trend. A clear and closing break above .7151 would ensure a direct continuation of the core bull trend, with resistance then seen at .7171 and then .7200, with a lack of meaningful medium -term resistance above here until .7395," CS notes.
"Support moves to .7078, ahead of .7054. Removal of this area, whilst not our base case, can see a move back to .7013/00," CS adds.