A strong buying opportunity for the New Zealand dollar is pending

The New Zealand dollar pair has surged upwards, breaching all resistance levels.

This follows negative news on the New Zealand currency on Thursday.

Currently, the pair has managed to breach important resistance levels,

which were located at the 2.0030 level.

The pair has also managed to establish strong new buying demand areas,

a strong indication that buyers are currently in control.

The pair is currently in a downward trend, correcting, 

and retesting the new demand areas,

which are located at the 1.9861 level.

From there, a rise is expected to reach targets of 1.9940 and 2.0030.

However, if the area is broken and closed below it, specifically

a close below the 1.97730 level, the technical analysis

and the buying outlook for the pair fail, 

and we may see a continued decline in the near term.