NZD/USD: market positioning still short - ANZ

Analysts at ANZ explained that despite a generally stronger USD overnight, the NZD is still hanging in there. 

Key Quotes:

"That said, the 72 cent level has proved too hard a nut to crack just yet (and perhaps could still be today)."

"But with market positioning still short, and decent flow demand, the direction of risk appears skewed to further squeezes higher, at least in the near term. Support 0.7050 Resistance 0.7230."