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.
