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NZD/USD chart - Trading View
NZD/USD erases early gains and edges higher from session lows at 0.5992 on broad-based US dollar weakness.
The pair was trading 0.23% lower at 0.6033 at around 09:00 GMT, after closing 0.56% higher in the previous session.
DXY under pressure as investors turn positive amid plans to ease lockdown restrictions across the world.
NZD/USD pullback has taken support at 200H MA and 21-EMA, we see weakness only on break below.
Breakout at trendline resistance has raised scope for upside. Price action is hovering around cloud top.
Decisive breakout above daily cloud will confirm further upside. Next major hurdle lies at 55-EMA at 0.6105 ahead of 21W EMA at 0.6208 and 61.8% Fib at 0.6242.
