• NZD/USD trades a tight 23 pip range into the European open, holds above the 0.71 handle.
   
• The pair finds stiff trendline resistance at 0.7145, further upside can be seen only on breaks above.
   
• Daily stochs remain in overbought territory and RSI strength seen at 67 levels with further scope to run.
   
• Support on the downside below 0.71 is located at 0.7072 (5-DMA), while immediate resistance is seen at 0.7150 (rising trendline).
   
• Focus now on Yellen’s testimony, while the Brexit news flow will continue to impact fx action across the board.
   
• Techs are inconclusive, we prefer to remain on the sidelines for now.