NZD/USD chart - Trading View
NZD/USD edges higher from 3-week lows at 0.6565, trades largely unchanged around 0.66 handle at 06:45 GMT.
The pair has held support at cloud base, bias remains bearish, breach at cloud base to plummet prices further.
Technical indicators are biased lower. Stochs and RSI are sharply lower. MACD shows a bearish crossover on signal line.
Disappointing China's inflation data keeps the antipodeans supressed. Continued U.S. dollar strength add to bearish pressures.
US-China trade uncertainty and rising odds of a smaller Fed rate cut after strong growth in Nonfarm Payrolls in June keep scope for further weakness.
Focus now on Powell's semi-annual testimony and the FOMC minutes that follow for further impetus.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-holds-marginal-gains-recovery-capped-below-55-EMA-bias-bearish-1557863) has hit TP1.
Recommendation: Watch out for breach below cloud for further weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major European Indices
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 



