NZD/USD analysis: Balance trade with no bias
In the mid-term, the price is moving within bracket with upper limit at 0.6670 and lower limit at 066287. There is no bias for now.
Over the long-term, higher directional movement and greater activity is expected. In conclusion, flow direction is up. Greater activity could presage a higher movement, with 3 days net flow at 5. The market ended in non-balanced manner. With increase in volatility, it means more market opportunities. The total TPO increased compared to previous day. Data points to upside bias.