- NZD/USD buoyed by upbeat NZ data, edges higher to hit highs of 0.7330.
- Dismal US data releases overnight likely to keep the dollar subdued.
- New Zealand ANZ consumer confidence printed at an eight-month high of 2.8% m/m, prev -0.4%.
- Intraday bias is slightly higher, RSI and Stochs point north.
- The pair has closed above 20-DMA (currently at 0.7304) on Thursday's trade and is trading above 23.6% Fib (0.7294).
- Major support levels - 0.7304 (20-DMA), 0.7294 (23.6% Fib), 0.7250 (trendline), 0.7216 (50-DMA)
- Major resistance levels - 0.7333 (38.2% Fib of 0.4891-0.8842), 0.7364 (Sep 13 high), 0.7380 (Aug 26 high), 0.74
- US consumer price index number and preliminary Michigan Confidence data due later in the US session in focus.
Recommendation: Good to go long on dips around 0.73 levels, SL: 0.7250, TP: 0.7360/ 0.7380/ 0.74
