The New Zealand dollar finds support after a rise in RBNZ inflation expectations in Q3.
The kiwi has built several layers of support above the key level of 0.6900 with the latest one at 0.6990. This is an indication that buyers are willing to bid up the price.
After a hiatus at the resistance at 0.7060, the RSI has dropped back to the neutral area to give the bulls a chance to make another push. The narrowing range would culminate in a breakout-raising momentum in the process.
