Since the beginning of the year, the currency pair gained 4.0% and last week rose almost 2.0% remaining in a bullish phase since early February 2018. Last week the NZDUSD rally with a wide range and closed near the high of the week, in addition managed to close above the previous week high, which suggests a strong bullish momentum. The stochastic is showing a overbought market and is displaying a shy bullish momentum. Seems like the currency pair is now in a range bound market going from the resistance at 0.74346 down to support at 0.72790. Last week the NZDUSD displayed an anomaly by making a wide-spread candle with a low volume, signs that the upward move may not have the strength to continue. Expecting a downward move to the lower zone of a weekly resistance at 0.7279 on a bounce from a key level at 0.74346 (scenario 1) however a bounce from the lower zone of a weekly resistance at 0.7279 may push currency pair back up to key level at 0.74346 (scenario 2).