Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- NZD/USD was trading 0.53% higher on the day at 0.6733 at around 15:05 GMT
- The pair is extending bullish streak for the 6th straight session, outlook bullish
- Price action is testing 55-EMA resistance, decisive break above will fuel further gains
- Momentum is bullish, Stochs and RSI are sharply higher, RSI is well above the 50 mark
- GMMA indicator shows major and minor trend have turned bullish on the intraday charts
Support levels - 0.6697 (5-DMA), 0.6679 (21-EMA), 0.6644 (20-DMA)
Resistance levels - 0.6739 (55-EMA), 0.6803 (Cloud base), 0.6823 (110-EMA)
Summary: NZD/USD trades with a bullish bias. Watch out for decisive break above 55-EMA for further gains.
