Chart - Courtesy Trading View
NZD/USD was trading 0.17% lower on the day at 0.6284 at around 13:00 GMT, outlook bearish.
The pair gained some positive traction on Thursday amid the emergence of fresh USD selling.
Price action failed to capitalize early gains and has slipped lower from session highs at 0.6330, scope for further weakness.
Protracted Russia-Ukraine war has been fueling concerns about a deeper global economic downturn, keeping upside limited.
Focus now on US final Q3 GDP print and the usual Weekly Initial Jobless Claims, for a fresh impetus.
Major Support Levels:
S1: 0.6254 (200-DMA)
S2: 0.6189 (Lower BB)
Major Resistance Levels:
R1: 0.6302 (21-EMA)
R2: 0.6338 (20-DMA)
Summary: NZD/USD trades with a bearish bias. The pair is on track to test 200-DMA. Break below 200-DMA will accelerate downside.


FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Woodies pivot (Major)
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro- Major Crypto levels and bias summary
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CNY edges higher but bulls lack punch 



