Higher on the day after double bottom at day lows and double top at the high too.
The NZDUSD is higher on the day and tests resistance near that high level.
The price action today saw the pair move higher in the Asian session, lower in the early European session. The day's lows stalled right around the low from Tuesday at 0.7166 (double bottom).
The move back higher in the London and NY session has seen the pair tests the 100 hour MA at 0.7232, the high from yesterday at 0.72383, and the 100 day MA at 0.7246. The high has reached 0.72387.
So there is a double bottom at the lows at 0.71656, and a double top at the day's highs at 0.7238
Make a break higher (or lower) and there should be more momentum. A move higher will look toward the 200 hour MA at 0.7272 first.
On the downside, should the sellers come in here and push lower, would look toward the 200 day MA at 0.71483.
Building permits for August will be released at 5:45 PM ET/2145 GMT. Last month, they fell -0.7%.
