Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- NZD/USD was trading 0.27% higher on the day at 0.6854 at around 11:20 GMT
- The pair is grinding higher for the third consecutive session, outlook is bullish
- Price action is extending bounce off 55-EMA and has broken above 110-EMA
- MACD and ADX support upside in the pair, Chikou span is biased higher
- GMMA indicator shows minor trend is bullish and major trend is also turning bullish
Support levels - 0.6816 (110-EMA), 0.6781 (20-DMA), 0.6766 (55-EMA)
Resistance levels - 0.6886 (Upper BB), 0.69, 0.6912 (200-DMA)
Summary: NZD/USD trades with a bullish bias. The pair is on track to test 200-DMA at 0.6913.
