Analysis of the New Zealand Index and expected rebound areas

The most important landing areas of the New Zealand currency index 


The New Zealand Dollar Index continues to rise,

due to previous consolidation.

So far, the movement is strongly positive,

 with minor reconsolidation operations expected to push the index

to continue rising, at least to the initial supply zones, located at 1.2291.

If the initial supply zones are reached, a decline is expected from there

 to the specified targets at 1.2250 and 1.2200.


A decline would indicate temporary weakness

 for the New Zealand Dollar against other currencies.

If the initial supply zones are breached and closed above,

the index may continue rising to the next supply zones,

which are considered very strong areas, 

and a strong decline is expected from them.