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• NZD/ USD strengthened on Tuesday as kiwi dollar benefited from improved risk sentiment.
• The Kiwi also strengthened due to a range of stimulus measures implemented by China, which is New Zealand's largest trading partner.
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• At (GMT 04:49) kiwi dollar was trading at $0.6275 against the U.S. dollar .
• The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains .
• Immediate resistance is located at 0.6278 (23.6%fib), any close above will push the pair towards 0.6291(Higher BB).
• Support is seen at 0.6230 (Aug 30th low) and break below could take the pair towards 0.6210(38.2%fib).
Recommendation: Good to buy around 0.6250 with stop loss of 0.6200 and target price of 0.6320
