NZD/USD chart - Trading View
NZD/USD was trading largely unchanged on the day at 0.7182 at around 10:00 GMT.
The major is extending range trade as markets remain cautious ahead of FOMC policy meeting.
The Fed is widely expected to leave monetary policy setting unchanged. Focus will be on the central bank's response to the recent surge in bond yields.
The bank's interest rate projections will be watched closely. Any stray dots may trigger knee-jerk market movements.
Support levels - 0.7177 (nearly converged 200H MA and 55-EMA), 0.71, 0.7057 (110-EMA)
Resistance levels - 0.7210 (21-EMA), 0.7239 (20-DMA), 0.73
Summary: Technical bias for the pair is neutral. Oscillators are in neutral zone. RSI is flatlined below the 50 mark. Price action is capped between 21-EMA and 55-EMA and breakout will provide clear direction.
