By CountingPips.com
NZD/USD: The New Zealand dollar gained last week against the US dollar and closed the week over the 0.7750 level. This pair seems to be in consolidation mode around the 0.7750 level as the pair has not traded for any significant length of time under the 0.7700 price over the last four weeks. Only time will show whether the New Zealand dollar bulls can stem the tide and mount a comeback in the coming sessions. Important levels for the week start with the support level at 0.7750, the near-term resistance at the 0.7850 level in the 0.8000 level represents a major resistance level overhead.
Written by Zac Storella, CountingPips Forex Blog & Currency Pair Technical Analysis
