- NZD/USD has shown decisive break above 200-DMA at 0.7105, intraday bias higher.
- Price action in the pair has broken out of daily Ichimoku cloud, to see further upside.
- Downside was rejected at 0.70 handle, pair has held above and has reclaimed 0.71 levels.
- Technical indicators are bullish. RSI sharply higher, has edged above 70 levels.
- ADX on daily charts supports upside, is above 25 levels and rising with positive DMI dominance.
- Technical studies on weekly charts are bullish, Stochs and RSI are biased higher, MACD has shown a bullish crossover.
- Immediate resistance lies at 0.7151 (weekly cloud top) ahead of 0.72 (Trendline and Oct 17 high).
- 200-DMA at 0.7105 is now immediate support. Break below targets 0.7064 (100-DMA).
Support levels - 0.7105 (200-DMA), 0.7093 (5-DMA), 0.7064 (100-SMA), 0.7052 (20W SMA)
Resistance levels - 0.7169 (50% Fib retrace of 0.7558 to 0.67804 fall), 0.7206 (Trendline and Oct 17 high), 0.7261 (61.8% Fib)
Call update: Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-hovers-around-200-DMA-at-07104-breakout-to-see-further-upside-1076181) is progressing well.
Recommendation: Hold for targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at 53.8223 (Neutral), while Hourly USD Spot Index was at -147.27 (Bearish) at 0630 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY edges lower, scope for further downside
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD edges lower, bearish outlook persists
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 



