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NZD/USD chart - Trading View
- NZD/USD is trading around 0.68 handle at 0545 GMT, up 0.02% at the time of writing.
- The pair has bounced off strong support at 200-DMA and we see weakness only on break below.
- Price action is holding above 5-DMA and technical studies are turning slightly bullish.
- The pair finds stiff resistance at 0.68 to 0.6811 zone and decisive break above will see further upside.
- Next major hurdle above lies at 0.6843 (61.8% Fib), ahead of trendline resistance at 0.6925.
- Rejection at 21-EMA and break below 200-DMA will see test of 0.67 mark (trendline support).
Support levels - 0.6785 (5-DMA), 0.6745 (200-DMA)
Resistance levels - 0.6811 (21-EMA), 0.6843 (61.8% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
