- NZD/USD rejected at highs, retraces brief break above 5-DMA at 0.6966, currently trades at 0.6954 levels.
- Momentum studies are bearish, RSI below 30 levels and we see -ve DMI dominance.
- Kiwi trades muted ahead of the New Zealand government budget later this week.
- The Reserve Bank of New Zealand (RBNZ) has turned dovish in the face of a lopsided New Zealand economy.
- The pair finds strong trendline support at 0.69. Break below will accentuate weakness. Scope then for test of 0.6780 (Nov 17 low).
- On the flipside, 21-EMA at 0.7068 is strong resistance. Minor bullishness on break above.
Support levels - 0.69 (trendline), 0.6780 (Nov 17 low)
Resistance levels - 0.6966 (5-DMA), 0.70. 0.7068 (21-EMA)
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -118.024 (Bearish), while Hourly USD Spot Index was at -15.6627 (Neutral) at 0545 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.


FxWirePro- Major European Indices
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD moves lower on weak UK data 



