Possible visit to the 0.7300 on the Kiwi

The New Zealand Dollar versus the US Dollar is very close to touching the psychological round number of 0.7300 to the downside. Let us pay close attention to this visit, because we could get an opportunity to enter the market here. On the first touch it is possible to see an initial bounce to the upside, but if we see a breakdown of the 0.7300 level, then we could wait for confirmation of such breakdown and then the pullback to the same level for a possible short entry. In case of the price bouncing to the upside, let’s pay attention to a visit to the 0.7400 level, which could act as resistance and the price may stall there.