NZDUSD is up sharply today after the RBNZ left rates unchanged at 2.25%. Notice that price moved and slowed down at 0.6980 area which appears to be final resistance level for current bounce. As such, bearish turn is still possible here, but we would need to see move back beneath 0.6895 level to confirm a our bearish view , and then also possible shorts ahead. We will have to adjust our view if 0.7053 will be breached.
Are you wondering where are other USD pairs headed in short-term, or maybe Gold or S&P500? We have special updates on global markets for active traders. For more details, click HERE