FxWirePro: NZD/USD spikes above 0.71 handle as RBNZ stays pat, 0.72 levels in sight

• Kiwi spiked over 100 pips to hit yearly high of 0.7138 after RBNZ held rates at 2.25%.
   
• NZD/USD broke through the double top at 0.7054 (Apr 19th and May 3rd), we see scope for further upside.
   
• With Fed delaying rate hikes, Kiwi bulls likely to push higher, pair on track to test 0.72 levels.
   
• Hurdles on the upside are seen at 0.7150 and then 0.72 levels.
   
• Supports on the downside are located at 0.71, 0.7054 (double top Apr 19th & May 3rd), 0.7012 (session lows).
   
• Our previous call (http://www.econotimes.com/FxWirePro-Kiwi-erases-losses-on-positive-Chinese-imports-data-good-to-buy-NZD-USD-dips-218763) has achieved all targets.
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Recommendation: Book partial profits, raise stops to 0.7055, target: 0.7150, 0.72