NZD/USD: flat is between 2 even levels
Price is trading in a clear corridor between the levels 2/8 (0.6714) and 4/8 (0.6836). The breakdown of the above levels were not, therefore, the likelihood of continuation of the flat in the same boundaries is high. Nevertheless, the existence of formal bearish trend suggests a possible decrease to the level 1/8 (0.6653). Fot that the paar must go below the level of 2/8 at least one third of the level widths. At the moment basically the same scenario is to increase at least to the level of 3/8 (0.6775).
Buy – 0.6720; sl – 0.6670; tp – 0.6780.