NZD/USD chart - Trading View
NZD/USD slips lower from session highs at 0.6559, trades at 0.6546 at 09:30 GMT.
The pair has paused upside shy of 21-EMA which is stiff resistance at 0.6575.
We evidence a 'Bullish divergence' on RSI and Stochs which keeps scope for upside.
Price action has broken above 1H 200-SMA and break above 21-EMA will see further gains
Stochs and RSI have rolled over from oversold levels, bias higher.
That said, 'Death Cross' (bearish 50-DMA crossover on 200-DMA) keeps upside limited.
Support levels - 0.6523 (5-DMA), 0.65, 0.6481 (May 23 low)
Resistance levels - 0.6575 (21-EMA), 0.66, 0.6656 (38.2% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
