FxWirePro: NZD/USD comatose around 21-EMA support ahead of key U.S. data, bias slightly bullish

NZD/USD chart - Trading View 

NZD/USD was trading largely muted around 0.60 handle at 11:10 GMT, bias slightly bullish.

The pair was holding above 21-EMA support, but 'Doji' formation suggests indecision.

Markets cautious ahead of key U.S. data, but technical indicators support upside in the pair.

Stochs and RSI show bullish momentum, 5-DMA is biased higher and bullish 5-DMA crossover on 20-DMA adds to the bullish bias.

GMMA indicator shows bullish shift in trend on the hourly charts. Scope for further gains.

Focus on Fed Powell's speech and US jobs for impetus ahead of the long weekend. 

Next major hurdle lies at 50% Fib at 0.6112. Failure to hold above 21-EMA negates bullish bias.

Support levels - 0.5985 (21-EMA), 0.5953 (5-DMA), 0.5905 (20-DMA)

Resistance levels - 0.6112 (50% Fib), 0.6141 (Upper BB), 0.62