The Pair NZDUSD is in bearish bias in the weekly chart. It has broken strong support at 0.68170. Now the price could return to the breakout area for retesting.
In the daily chart, the pair is moving on a range bound condition from few days. The upper boundary of the range is 0.6970 and the lower boundary is 0.6585. This level is now acting as support and the price is heading towards the support.
If the price can break this support then we can expect the price will reach to the next support at 0.6420 but a strong rejection from this support can initiate the price to the bullish and targeting towards the upper boundary that is formed as resistance as drawn in the below chart.
In the calendar, there are suppose to not any strong fundamental data but for NZD export, import & trade balance data on 26th April can have some impact.
