NZD/USD Price Analysis: Remains trapped between key averages on 4H ahead of US PMI

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April 5, 2021
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NZD/USD is uniting in a 20-pips limit extend over 0.7000 on Easter Monday, expanding Friday’s extend play, as markets anticipate the US ISM Administrations PMI report for a clear directional bias. At the press time, the kiwi exchanges humbly level around 0.7030, faltering between two key straightforward moving midpoints (SMA) on the four-hour chart. The bearish 100-SMA at 0.7077 may undermine the extra upside whereas the…