By: Investija
NZD/USD narrow trading range between support and resistance continues. Bulls trying to recover, however to get more confidence, bulls need to breakout by resistance barrier at 0.7072. While this level stay valid, bulls have issues to extended their current positive movement.
Despite bullish recent strength, bears are in better shape. Negative trend remains still active. At the moment better options stand below support level at 0.7042, where selling opportunities are on a table. In order to confirm this action, a breakout is needed at support barrier.