The kiwi is very close to a key resistance level.

The New Zealand Dollar versus the US Dollar is very close to touching its latest high from last month around the 0.8779 level. We may probably see a bounce from that level to the downside or at least we may see the pair stalling its bullish momentum there. If the pair does indeed bounces to the downside, it may try to reach the 0.8700 level which could act as a good support zone. On the daily chart below of the NZD/USD we can see a red line at the 0.8845 level; that level is a historic high for the pair reached on august of 2011. Therefore, if the price continues going higher and visits that zone of the 0.8845 level, it may try to bounce back to the downside.