Chart - Courtesy Trading View
Technical Analysis: Bias Neutral
- NZD/USD was trading 0.17% lower on the day at 0.6794 at around 10:45 GMT
- The pair has snapped a two-day upside, finds stiff resistance at 50-DMA
- Momentum is bearish, RSI is below 50, Stochs are at oversold levels
- MACD and ADX support downside in the pair, price action hovers around 200H MA
Support levels:
S1: 0.6763 (5-DMA)
S2: 0.6720 (200-week MA)
Resistance levels:
R1: 0.6815 (50-DMA)
R2 : 0.6835 (110-EMA)
Summary: NZD/USD struggles at 50-DMA and cloud top resistance. Major trend is bearish, while intraday bias is neutral.
