AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: NZD/USD hovers near one-week low, outlook bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption 
FxWirePro: USD/ZAR bears maintain upper hand 
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears 
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib 
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish 
FxWirePro- Major Pair levels and bias summary 
NZD/USD chart - Trading View
Spot Analysis:
NZD/USD was trading 0.21% higher on the day at 0.7258 at around 05:00 GMT.
Previous Week's High/ Low: 0.7316/ 0.7158
Fundamental Overview:
Trading remains muted amid mixed data and holiday-thinned trade with the U.S. remaining closed on account of Memorial Day.
On the data front, China NBS Manufacturing PMI eased below 51.1 forecast and prior to 51.1 in May.
Meanwhile, China Non-Manufacturing PMI printed at 55.2, marking a big beat on market consensus at 52.7 and 54.9 previous readouts.
Further, the Australia and New Zealand Banking Group’s (ANZ) Business Confidence and Activity Outlook for May dropped below 7 and 32.3% levels to 1.8 and 27.1% respectively.
Among the risk catalysts, New Zealand’s worries of escalating tussles with China along with Sino-American tussles test the market optimism.
That said, hopes of further stimulus from the US and the Fed’s ability to keep the easy money on keep downside limited.
Technical Analysis:
- Technical bias for the pair is bullish, scope for upside.
- GMMA indicator shows major and minor trend are bullish.
- Price action is above cloud and major moving averages.
- Oscillators are biased higher and volatility is high.
Major Support and Resistance Levels:
Support - 0.7220 (21-EMA), 0.7184 (55-EMA), 0.7125 (110-EMA)
Resistance - 0.73 (Psychological mark), 0.7310 (Upper BB), 0.7320 (88.6% Fib)
Summary: NZD/USD trades muted, but bias remains bullish. Scope for test of 88.6% Fib at 0.7320 ahead of yearly high at 0.7464. Bullish invalidation only below 200-DMA.
