NZD/USD chart on Trading View used for analysis
- NZD/USD has edged higher after taking support at daily cloud.
- Intraday bias for the pair remains bearish. Break below cloud raises scope for further downside.
- The major has broken channel base support and upside remains capped at 5-DMA which is sharply lower.
- Looming U.S. government shutdown when the new Congress convenes and Democrats take over the House of Representatives is souring risk sentiment, keeping the antipodeans under pressure.
- Momentum with the bears. Breach at cloud support will see weakness till 61.8% Fib at 0.6632.
- On the flipside, retrace into channel and break above 200-DMA could see upside.
Support levels - 0.6719 (cloud top), 0.6697 (50% Fib), 0.6654 (cloud base), 0.6632 (61.8% Fib)
Resistance levels - 0.6766 (5-DMA), 0.68, 0.6830 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro- Woodies Pivot(Major)
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 



