FXstreet.com (Barcelona) - The kiwi dollar is trading almost unchanged on Friday as we head into the last couple of trading hours of the European session.
According to I.Spivak, Currency Strategist at DailyFX, the cross “…continues to oscillate in a narrow range between … 0.8244-0.8290 area and …. 0.8084 … Current positioning does not offer a compelling trading opportunity …”.
Next big event for the NZD will be the RBNZ monetary policy meeting due on April 26, with opinions highly divided regarding the next steps of the central bank.
As of writing, the cross up 0.05% at 0.8150, with the next resistance located at 0.8198 (high Apr.19) ahead of 0.8244 (MA55d) then 0.8315 (high Mar.5) and 0.8324 (low Mar.1).
A penetration of 0.8121 (Lower Bollinger) would admit 0.8117 (low Mar.29) then 0.8099 (low Mar.23) and 0.8085 (MA200d).
