NZD/USD chart - Trading View
NZD/USD was trading largely rangebound at 0.6911 at around 06:40 GMT, outlook bearish.
The pair is consolidating previous session's slump and recovery attempts remain capped below 5-DMA.
FOMC verdict due later today will determine USD price dynamics and hence price action in the pair.
The Federal Reserve is likely to maintain its cautious tone amid rising covid cases. Focus will be on how Fed Chair Jerome Powell will defend the easy-money policies.
A 'Death Cross' (bearish 50-DMA crossover on 200-DMA) confirmed on the daily charts keeps scope for downside.
Momentum is bearish, RSI is below the 50 mark and biased lower. GMMA indicator shows major trend is strongly bearish, while minor trend is shifting bearish.
Strong supports for the pair align at 0.6953 (55-week EMA) and 0.6915 (Trendline). Break below trendline support will plummet prices further.


FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro:EUR/AUD eases but bullish outlook persists 



