NZD/USD: Buy the dips circa 0.7112? – Goldman Sachs

Goldman Sachs’ analysts offer a quick overview of the NZD/USD technical outlook for the near-term, in its latest G10 FX snapshot report.

Key Quotes:

“The next area in focus is 0.7185-0.7112; includes the 200-dma, ABC of the Feb. high and March. low. The decline since the January high has been characteristically counter-trend, bringing a bullish under-tone. Would need a break below 0.7112 to change that.”