FxWirePro Currency Strength Index for NZD/USD: Bias Bearish
FxWirePro's Hourly NZD Spot Index was at -36.1245 (Neutral)
FxWirePro's Hourly USD Spot Index was at 151.524 (Bullish)
Technical Analysis: Bias Bearish
- Rejected at 55-EMA, breaks below 5-DMA
- Stochs have rolled over from overbought levels
- RSI has slipped below 50, bias lower
- -ve DMI dominance on daily charts
- MACD is on verge of bearish crossover on signal line
Support levels - 0.6925 (minor trendline support), 0.69, 0.6882 (May 30 low), 0.6860 (major trendline support)
Resistance levels - 0.6995 (5-DMA), 0.7050 (55-EMA), 0.71
Recommendation: Good to go short on upticks, SL: 0.70, TP: 0.69/ 0.6880/ 0.6825
