RBNZ staying put and catching the market out yet again with a short squeeze from just above the 0.68 level and falling just shy of the 0.70 handle.
Kiwi bulls unable to hold a break on to the 0.70 handle, slip from day's highs at 0.7020.
Techs are pointing north, we see scope for test of channel top at 0.7085. Upside momentum strong with at 28 and Stochs are also biased higher.
The pair finds strong support at 0.6928 levels which is converged 5&10 DMA, weakness only on breaks below.
Resistance is seen at 0.70, 0.7049 ( Apr 20th highs) and 0.7085 (channel top).
Good to buy dips around 0.6980, SL: 0.6925, TP: 0.70/0.7050/0.7080
Book partial profits, raise stops to 0.70, target 0.7085