The New Zealand dollar recovers as risk appetite returns following Jerome Powell’s testimony. The previous rebound towards 0.6830 met strong selling pressure. Its failure to achieve a new high suggests that the bearish bias lingers. The drop below 0.6740 further weighs on the kiwi. A bounce could still be an opportunity to sell into strength. […]

The post NZD/USD Bounces Off Major Support appeared first on Action Forex.