NZD/USD chart - Trading View
NZD/USD is extending weakness for the 2nd straight session, bias is turning bearish.
The pair was trading 0.52% lower on the day at 0.5965 at around 06:40 GMT.
Price action has slipped below 21-EMA support, technical studies are turning bearish.
Major and minor trend as evidenced by GMMA indicator are bearish. Price action has slipped below 200H MA.
Fears of impending global recession and the resultant haven demand for the US dollar keeps downside pressure.
Technical studies are poised for bearish reversal. Stochs are on verge of rollover from overbought levels.
Upside capped below 0.60 handle. Bears eye April lows at 0.5843. Next major support aligns at 23.6% Fib at 0.5772.
Support levels - 0.5949 (20-DMA), 0.5872 (Kijun Sen), 0.5772 (23.6% Fib)
Resistance levels - 0.6010 (21-EMA), 0.6047 (5-DMA), 0.6136 (55-EMA)


FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Major Crypto levels and bias summary
Stock Futures Dip as Investors Await Key Payrolls Data
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
US Gas Market Poised for Supercycle: Bernstein Analysts
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Global Markets React to Strong U.S. Jobs Data and Rising Yields
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns 



