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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.
