Overview:

• According to the previous events, the NZD/USD pair is still trading between the major levels of 0.6702 and 0.6825.
• Strong esistance will be found at the level of 0.6825 (the double top in the H1 chart) providing a clear signal for sell deals with the targets seen at 0.6730 and 0.6702.
• Stop-loss is to be placed above the double top at the level of 0.6863.
• Strong support is likely to be found at the level of 0.6702 providing a clear signal for buy deals with a target at 0.6820.

Notes:

• The level of 0.6729 represents the daily pivot point.
• The double top will be set at the level of 0.6825.
• We expect a range of 123 pips today. But it should be noted that the risk of 82 pips must make a profit of 123 pips.
• Volatility: 121.50.
• The value of 50% Fibonacci retracement levels is 0.6702 (for confirming for the bullish market).