NZD/USD chart - Trading View
NZD/USD has trimmed losses to edge higher from session lows at 0.5910 and was trading 0.38% higher on the day at 0.5969 at 05:15 GMT.
Technical analysis shows recovery in the pair lacks traction, price action is set to resume weakness.
Analysis of GMMA indicator shows major trend is bearish and minor uptrend has faded at 55-EMA resistance.
Upside finds series of still resistance upto 0.60. Only decisive break above will see more upside.
Volatility is rising and MACD is on verge of bearish crossover on signal line raising scope for further downside.
Major support on the downside lies at Kijun Sen at 0.58. Break below to see further weakness.
Major Support Levels: 0.60 (21-EMA), 0.6112 (50% Fib)
Major Resistance Levels: 0.5843 (Apr 3rd low), 0.58 (Kijun Sen)


FxWirePro- Woodies pivot (Major)
Urban studies: Doing research when every city is different
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: NZD/USD downside pressure builds, key support level in focus
NZD/JPY Loses Its Shine: Kiwi Cracks Under Pressure as Bears Target 91.80
FxWirePro: AUD/USD eases after Australian mixed CPI data
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
FxWirePro- Woodies pivot (Major)
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: GBP/USD slides toward critical support market reassesses UK political transition
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



