Chart - Courtesy Trading View
NZD/USD was trading 0.40% higher on the day at 0.6853 at around 13:00 GMT.
Risk-on environment helped push the antipodeans higher across the board.
The major has broken above 21-EMA resistance which was capping upside from past few sessions.
Oscillators have turned bullish, Chikou span is biased higher. Price action is now above 200H MA.
MACD supports gains. Positive DMI crossover on negative DMI adds to the upside bias.
Traders focus on the US weekly Initial Jobless Claims and Chicago PMI data for trading impetus.
Support levels - 0.6821 (5-DMA), 0.6817 (21-EMA), 0.6784 (20-DMA)
Resistance levels - 0.6856 (Upper BB), 0.6881 (23.6% Fib), 0.6890 (55-EMA)
Summary: NZD/USD trades with a bullish bias, on track to test 23.6% Fib at 0.6881. Bullish invalidation likely below 21-EMA.
