NZD/USD chart - Trading View
Technical Analysis: Bias Turning Bullish
- NZD/USD was trading 0.33% higher on the day at 0.6954 at around 09:40 GMT
- The pair is extending gains for the 4th straight session, edges closer to 21-EMA resistance
- MACD is on verge of bullish crossover on signal line, momentum is bullish
- Price action is above 200H MA and GMMA indicator shows major and minor trend have turned bullish on the intraday charts
Support levels - 0.6930 (5-DMA), 0.6859 (Sept lows), 0.6805 (2021 low)
Resistance levels - 0.6960 (23.6% Fib), 0.6969 (21-EMA), 0.6987 (Cloud base)
Summary: Major trend in the pair still remains bearish. Price action is below cloud and 200-DMA. 5-DMA has turned, break above 21-EMA could change near-term dynamics
