FxWirePro: NZD/USD Daily Outlook

NZD/USD chart - Trading View 

Candlestick Pattern: Inverted Hammer
Chart Pattern: Symmetric Triangle 

Technical Analysis:
- NZD/USD rejected at 110-EMA resistance
- RSI below 50, bias bearish
- Stochs are at oversold levels, but no signs of reversal evident
- MACD supports weakness, -ve DMI is dominant

Major Support - 0.6761 (38.2% Fib), 0.6734 (200-DMA)
Major Resistance - 0.6797 (110-EMA), 0.6840 (23.6% Fib)

Currency Forecast: Scope for test of 0.6761/ 0.6735

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.