#NZDUSD could be taking a breather

I believe NZDUSD could be entering into a consolidation channel between 0.700 - 0.735 in coming weeks. A pullback is long awaited and likely to revisit 0.70 in near term. I will be placing my sell from 0.728 as there are still buyers active at current levels and buyers have taken out many short traders in recent weeks.

For mid to long term, Kiwi could go toward 0.76 level.