FxWirePro: NZD/USD erases early gains, break below trendline support (0.7130) to drag the pair lower
FxWirePro: AUD/USD extends range trade, Aussie under pressure after RBA minutes reiterate policymakers’ cautious optimism
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)