NZD/USD chart - Trading View
NZD/USD resumes upside after bears failed to extend weakness on Friday's trade.
The major was trading 0.51% higher on the day at 0.6672 at around 06:00 GMT, bias higher.
Price action action is extending break above weekly cloud and momentum strongly bullish.
Analysis of GMMA indicator shows major and minor trend are strongly bullish on the daily charts.
Weakness in the U.S. dollar and strong commodities prices are supporting gains in the antipodeans.
The pair is extending break above weekly cloud and next bull target lies at 61.8% Fib at 0.6760 ahead of 200W MA at 0.68.
5-DMA is immediate support at 0.6650. Break below could see dip till 21-EMA at 0.6564. Violation at 21-EMA negates bullish bias.
Support levels - 0.6650 (5-DMA), 0.6564 (21-EMA)
Resistance levels - 0.6760 (61.8% Fib), 0.68 (200W MA)
