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FxWirePro: NZD/USD bulls in control, pair on track to test 88.6% Fib at 0.6608

NZD/USD chart - Trading View 

NZD/USD extends bull run for the 6th straight session, bias strongly bullish.

The major was trading 0.32% higher on the day at 0.6552 at around 05:50 GMT.

Global stimulus hopes overshadowed rising coronavirus concerns, supporting the antipodeans.

Price action has broken above 110W EMA at 0.6538. Next bull target lies at 88.6% Fib at 0.6608.

Major and minor trend are bullish. Volatility is rising, together with strong momentum, we could see further gains.

21-EMA is strong support at 0.6440. Break below could see dip till 200-DMA. Violation at 200-DMA negates bullish bias.

Major Support - 0.6440 (21-EMA)

Major Resistance - 0.6608 (88.6% Fib)
 

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