Good rally on the NZD/USD

The New Zealand Dollar has suddenly risen versus the US Dollar after comments from the New Zealand Reserve Bank, where they confirm that interest rates will stay at current levels for a prolonged period of time. This has caused the NZD/USD to rally 100 pips from the 0.7200 level to the 0.7300 level, where we can also see a little bit below that level the 55 period exponential moving average on the one hour chart. This area is currently acting as a resistance for the pair and it is possible to see a bounce to the downside from this levels, due to the fact that the downtrend is still in place. However, if we do see a breakout to the upside, the price may try to reach its next round number level of the 0.7400 area where we can also notice the 200 exponential moving average on the same one hour chart.