NZD/USD chart - Trading View
NZD/USD is extending weakness for the 2nd straight session, bias is turning bearish.
The pair was trading 0.52% lower on the day at 0.5965 at around 06:40 GMT.
Price action has slipped below 21-EMA support, technical studies are turning bearish.
Major and minor trend as evidenced by GMMA indicator are bearish. Price action has slipped below 200H MA.
Fears of impending global recession and the resultant haven demand for the US dollar keeps downside pressure.
Technical studies are poised for bearish reversal. Stochs are on verge of rollover from overbought levels.
Upside capped below 0.60 handle. Bears eye April lows at 0.5843. Next major support aligns at 23.6% Fib at 0.5772.
Support levels - 0.5949 (20-DMA), 0.5872 (Kijun Sen), 0.5772 (23.6% Fib)
Resistance levels - 0.6010 (21-EMA), 0.6047 (5-DMA), 0.6136 (55-EMA)


FxWirePro: EUR/AUD downward momentum remains in place
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/CNY bears maintain upper hand
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 



