The New Zealand currency grew most of all the commodity currencies. It was supported by last week publication of the New Zealand Trade Balance, which exceeded the analysts’ expectations twice.
On the daily chart the dynamics of the pair is seen within two ranges simultaneously. The price bounded from the lower border of the black channel D1 and now is in the resistance zone between the lower border of the blue channel D1, which has been supporting the price for almost two years, and the resistance level of 0.7075.
Today there is no macro-economical release, which can affect the pair; the more likable scenario is further growing of the pair.
Support levels: 0.7000, 0.6900, 0.6865, 0.6800.
Resistance levels: 0.7075, 07170, 0.7240.