The New Zealand Dollar has been trading in a horizontal channel pattern against the US Dollar.
The situation could change within this session, as traders and investors await the US FOMC minutes scheduled at 18:00 GMT.
It is important to note that forex traders are expecting the currency exchange rate to make a movement of about 5 to 50 base points range.
Besides, the US CPI and Core CPI data release scheduled at 12:30 GMT could also play a significant role in the currency pair movement during the European trading session.
