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• NZD/USD traded flat on Wednesday as investors awaited Federal Reserve’s upcoming policy decision.
• The U.S. Federal Open Market Committee is expected to keep its benchmark overnight interest rate between 4.25% and 4.50% at the conclusion of its two-day policy meeting on Wednesday..
• Fed Chair Jerome Powell is expected to remain cautious in his press conference, as the central bank assesses the impact of President Trump's fiscal policies.
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• At (GMT 06:04) Kiwi dollar was trading at flat 0.00% at $0.5666 against the U.S. dollar.
• Immediate resistance is located at 0.6724(50%fib), any close above will push the pair towards 0.5739(Higher BB).
•Support is seen at 0.5659 (38.2%fib) and break below could take the pair towards 0.5581 (23.6%fib).
Recommendation: Good to sell around 0.5700, with stop loss of 0.05800 and target price of 0.5600
