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NZDUSD 0.746 ~0.774 range; upside limited; opened downside

Hello community,
The pair NZDUSD is moving in range 0.746~0.774 that is above sma(50), it means the pair still in up channel. If support still hold, the pair could bounce back around 0.78; Opposite case, a break below could lead the pair to 0.72 again.
Fundamental factor is putting pressure on NZD so I think that upside should be limited. Meanwhile RBNZ monetary policy stance dovish and FED rate hike ahead continue push the pair go south. Look at simple chart below:
Good luck to all
Haynes
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NZDUSD - New Zealand CPI and RBNZ meeting ahead

Hello Community,
A quick view on NZD two weeks ahead.
- New Zealand CPI data on Monday next week. It seems that market is expecting softer data on Q1 2015. If this happen, there will be two consecutive quarter negative data and the market could price for rate cut at late of the year.
- RBNZ meeting on 29th April. This day could be very volatile due to FED meeting on the same day. New Zealand economy continue to out performance, Housing market is very hot but inflation is weak and risk from commo…
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