NZD/USD searches for support

What is your sentiment on NZD/USD? 

Buy or  spiked to a new low yesterday but then rallied as expected on hawkish RBNZ statement. They noted that they are ready to reduce the current stimulatory level of monetary settings in order to meet its consumer price and employment objectives over the medium-term.

Technical Summary

5 Min:Strong Buy

Hourly:Strong Buy

Daily:Neutral

Monthly:Strong

NZD/USD is higher, back above 0.7000 level with aggressive rally that looks promising but it will be important to wait on a closing price as Powell testimony later today can be a new intraday trend changer for the pair if will mention any tapering after recent good US CPI numbers.

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