NZD/USD: technical movement in the channel

Forex analytics: Since the end of January the pair NZD/USD has been in the narrow ascending channel on the daily chart. This week, the pair has grown from the level of 0.6400 by 650 points this week, reaching annual highs at the level of 0.7050. However, for the third consecutive day the pair has declined. In anticipation of the meetings of the US Fed and RBNZ at the end of April, traders started to adjust ...