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NZD/USD chart - Trading View
NZD/USD extends range trade for the 2nd straight session, outlook remains neutral.
The pair is trading in a Rising Channel pattern, the pair has bounced off channel base support.
Focus on U.S. Retail Sales (due 12:30 GMT) ahead of Wednesday's FOMC meet for further direction.
U.S. Retail Sales are forecast to fall 0.5% in February from 5.3%. While, FOMC members are likely to cheer US covid relief package and may upwardly revise their dot-plot forecasts.
Price action is capped between 21 and 55 EMA. Breakout of range will provide clear direction.
Support levels - 0.7177 (55-EMA), 0.7113 (20W MA), 0.7055 (110-EMA)
Resistance levels - 0.7214 (21-EMA), 0.7240 (20-DMA), 0.73
