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FxWirePro: NZD/USD Daily Outlook

Chart - Courtesy Trading View Technical Analysis: - NZD/USD was trading 0.91% higher on the day at 0.6238 at around 10:15 - Price action has retraced back into daily cloud - Momentum is turning bullish, RSI is turning hi…

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FxWirePro: NZD/USD Daily Outlook
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Chart - Courtesy Trading View 

Technical Analysis:

- NZD/USD was trading 0.91% higher on the day at 0.6238 at around 10:15

- Price action has retraced back into daily cloud

- Momentum is turning bullish, RSI is turning higher

- Stochs are at oversold, scope for bullish rollover

- MACD on verge of bullish crossover on signal

Support levels - 0.6194 (5-DMA), 0.6130 (Lower BB)

Resistance levels - 0.6261 (21-EMA), 

Summary: NZD/USD capped at 50-DMA, break above could see more upside. 
 

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