FXStreet reports that analysts at Credit Suisse note that the NZD/USD pair has held above the 0.7170 uptrend from the 2021 lows – which maintains a mild upward tilt for a move back to 0.7306.

“The break above resistance at 0.7180 should relieve the downward pressure and confirm that the uptrend has held, with next resistance thereafter at 0.7245/47, then the recent highs at 0.7306/16, which recently stalled the market, before the 78.6% retracement of the Q1 fall at 0.7353, where we would expect another pause.”