New Zealand dollar has been in the correction mode since topping out near 0.7550 at the end of July. Some uncertainty surrounding general election which will take place on September 23th has been partly responsible for the pullback.

Kiwi found support right on 200 DMA, which is reinforced by 61.8% retracement of the May - July upswing. Two-cent rally peaked at 0.7350, which could well mark range top ahead of the aforementioned election.

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