Chart - Courtesy Trading View
Technical Analysis:
- NZD/USD was trading 0.37% higher on the day at 0.6400 at around 09:45 GMT
- The pair has ignored previous session's Gravestone Doji formation and is poised to extend gains
- GMMA indicator shows major and minor trend are bullish on the daily charts
- Momentum is bullish, volatility is high and rising, scope for further upside
- Price action is above cloud and Chikou span is biased higher
Support levels - 0.6382 (5-DMA), 0.6337 (21-EMA)
Resistance levels - 0.6424 (Upper BB), 0.6508 (110-week EMA)
Summary: NZD/USD trades with a bullish technical bias. The pair is poised to extend gains. Next major bull target lies at 110-week EMA at 0.6508.
