FxWirePro Currency Strength Index for NZD/USD: Bias Bullish
FxWirePro's Hourly USD Spot Index was at 131.953 (Bullish)
FxWirePro's Hourly USD Spot Index was at -101.709 (Bearish)
Technical Analysis: Bias Bullish
- Bullish divergence on RSI and Stochs
- RSI and Stochs have rolled over from oversold levels and biased higher
- MACD shows bullish crossover on signal line
- Price has just broken above 20-DMA
Support levels - 0.6928 (5-DMA), 0.69, 0.6850 (trendline)
Resistance levels - 0.6975 (21-EMA), 0.6989 (23.6% Fib), 0.70, 0.7083 (55-EMA)
Recommendation: Good to long on break above 21-EMA (0.6975), SL: 0.6925, TP: 0.70/ 0.7075/ 0.7120
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