The resistance 0,7220 can stop the demand on NZDUSD

Last month has brought many upward movements. The pair has made several unsuccessful attempts to break the support level at 0,6850. The resistance extends to 20 pips, between 0.7220 and 0,7240, so we can expect that the pair will try to break this area.

The supply can exceed the demand – therefore, we should expect the price to fall to the level 0,7100. The scenario is based on surges and correction.

Broken area 0,7220-0,7240, NZDUSD fall to 0,7320. The scenario, however, seems less likely.

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