A look at the technical targets on a bullish or bearish bias
The NZDUSD sits between support and resistance as the RBNZ decision looms (yellow area).
The market is playing it safe with levels above and levels below fairly clearly outlined.
On the topside, the trend line at 0.7087 is the first line. The 200 bar MA on the 4-hour is next at 0.7101. A move above that and then the 100 day MA at 0.7107 should get the bulls more excited.
On the downside, the next key support comes in at the 0.6994 level where the 100 bar MA on the 4 hour chart is found.
Below that and the recent swing levels will be targeted including 0.6967, 0.6949 and the double bottom at the 0.6889 area.
