The New Zealand Dollar is stalling at resistance in the 0.8355-82 area, marked by a horizontal pivot dating back to mid-September and the 61.8% Fibonacci expansion. A break higher initially exposes the 76.4% level at 0.8427. Alternatively, a downward sees initially support at 0.8297, the 50% Fib, followed by the 38.2% retracement at 0.8239.
Entering long here seems premature absent a clear-cut break above resistanceon a daily closing basis. On the other hand, a short trade seems appears to lack a solid basis without a defined reversal signal. We will remain on the sidelines for now.