Trend lines and a MA line contain the pair.The RBNZ kept rates on hold. The take was «less dovish» than expectations. The NZDUSD rallied, but the rally had a limit.
That was a topside trend line connecting highs from September and October (see chart above).
The price rotated back lower and on the downside there is another limit — the 100 bar MA on the 4-hour chart stalled the fall. Also near the level now is a rising trend line (at 0.6925 currently)
So as New Zealand traders look to enter for the day, the pair sits between support at 0.6925 and resistance against a topside trend line at 0.6972. Traders will be looking for the next push.