Chart - Courtesy Trading View
NZD/USD was trading 0.22% higher on the day at 0.6935 at around 06:15 GMT.
The pair has paused downside of previous two sessions at 200-DMA which is offering strong support at 0.6906.
Markets turn cautiously optimistic ahead of another round of peace talks between Russia and Ukraine, supporting the antipodeans.
Technical indicators are biased higher, momentum is bullish, Stochs and RSI support upside.
GMMA indicator shows major trend is bullish, while minor trend is turning bullish again.
Major moving averages are trending higher, volatility is high, scope for further upside.
With no major data releases scheduled on Monday, market participants will remain focused on geopolitical headlines for impetus.
Major Support Levels:
S1: 0.6906 (200-DMA)
S2: 0.6887 (21-EMA)
Major Resistance Levels:
R1: 0.6940 (5-DMA)
R2: 0.6995 (Upper W BB)
Summary: NZD/USD finds major support at 200-DMA, any weakness only on break below. Technical bias supports gains in the pair. Resumption of upside will see test of 0.70 level.
