Broad-based USD sell-off supporting NZD/USD higher ahead of the RBNZ meeting tomorrow.
The pair is extending upside after bounce off from 50-DMA at 0.7090 on Aug 8th, broke above 20-DMA and 61.8% Fib at 0.7181.
Momentum studies are , Stochs and are biased higher.
Pair finds major resistance at 0.7230, upside on the day capped below that level.
Break above could see further gains upto 0.7244, 0.7281 and then 0.73 levels.
invalidation only on break below 50-DMA currently at 0.7106, violation there could see test of 0.6956.
Good to go long on breakout above 0.7230, Sl: 0.7180, TP: 0.7280/ 0.73/ 0.7325