FXStreet reports that the Credit Suisse analyst team notes that the NZD/USD pair moved sharply higher on Friday and a clear close above 0.7315 would reassert the core uptrend, with resistance next at 0.7395.

“Post a very near-term consolidation phase, we expect further strength to unfold and a sustained close above the aforementioned 0.7315 would finally reassert the broader core uptrend.” 

“Above 0.7315 would see next resistance at 0.7338/45, then 0.7373, ahead of a fresh test of April high at 0.7395, where a first breather might occur.” 

“Support is seen initially at 0.7283, beyond which would see a small intraday top completed to suggest mild corrective weakness, with support next at 0.7233/18.”