NZD/USD chart - Trading View
NZD/USD was trading 0.39% higher on the day at 0.6637 at around 06:00 GMT, intraday outlook has turned bullish.
Price action in the pair has broken above daily cloud and 200H MA raising scope for further upside.
Positive sentiment on increased hopes that US lawmakers would soon agree to a long-awaited fiscal stimulus package keeps antipodeans supported.
On the data front, focus will be on US initial jobless claims data which is expected to remain elevated.
Analysis of GMMA indicator shows major trend is neutral and minor trend is turning bullish.
Scope for test of 61.8% Fib at 0.6760. Retrace below cloud negates any bullish bias.
Support levels - 0.6597 (200H MA), 0.6521 (110-EMA), 0.6390 (200-DMA)
Resistance levels - 0.6649 (20-DMA), 0.67, 0.6760 (61.8% Fib)
