Chart - Courtesy Trading View
Technical Analysis:
- NZD/USD was trading 0.77% higher on the day at 0.6270 at around 05:10 GMT
- The pair is extending previous session's gains and has shown a decisive break above 21-EMA
- Stochs and RSI are sharply higher, RSI is well above the 50 mark, momentum is with the bulls
- Price action is above 200H MA and GMMA indicator shows major and minor trend are bullish on the intraday charts
- 5-DMA has turned and Chikou span is biased higher. MACD confirms bullish crossover on signal line
Major Support Levels:
S1: 0.6213 (21-EMA)
S2: 0.6183 (5-DMA)
Major Resistance Levels:
R1: 0.6315 (Upper BB)
R2: 0.6331 (55-EMA)
Summary: NZD/USD trades with a bullish bias. Scope for test of 55-EMA at 0.6331.
