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FXstreet.com (Barcelona) - New Zealand Dollar's reversal from 0.7500 resistance area tested on Wednesday has triggered a 200 pips decline with the NZD bottoming at 0.7305 (Nov 12 low) during European session, before picking up to 0.7330 at the moment of writing.
Liviu Flessar, technical analyst at InnerFX expect buyers to show up at current levels: "A potential pullback (as this one) will probably aim the .7300 handle which is a key support. Expect buying to intensify into that region. Intra-day sentiment is bearish while the short term studies are still positive but weakening."
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