NZD/USD chart on Trading View used for analysis
- NZD/USD pauses upside at 200-DMA, bias remains bullish.
- Momentum studies are bullish, with nice convergence on RSI and Stochs.
- MACD and DMI also support upside in the pair. Scope for further upside on break above 200-DMA.
- On the weekly charts, price has broken above 55-EMA and Bollinger Bands are widening suggesting rise in volatility.
- Next immediate resistance above 200-DMA lies at 50% Fib at 0.69 ahead of 0.6979 (110W EMA) and 0.6989 (200W SMA).
- Rejection at 200-DMA could see drag till 20-DMA. Break below cloud negates bullish bias.
Support levels - 0.6811 (38.2% Fib), 0.6706 (Nov 12, 13 low), 0.6689 (20-DMA)
Resistance levels - 0.69 (50% Fib), 0.6979 (110W EMA), 0.6989 (200W SMA)
Recommendation: Stay long on break above 200-DMA, SL: 0.6830, TP: 0.69/ 0.6980
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


European Stocks Rally on Chinese Growth and Mining Merger Speculation
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: GBP/NZD remains bullish as rally continues
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Urban studies: Doing research when every city is different
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
China’s Growth Faces Structural Challenges Amid Doubts Over Data
China's Refining Industry Faces Major Shakeup Amid Challenges 



