NZD/USD chart on Trading View used for analysis
- NZD/USD is extending its winning streak for the 4th straight session.
- Kiwi buoyed by positive developments at US-China trade negotiation. Comments from Trump signaling that the American tariffs may wait for 60-days after March deadline added support.
- Further, the RBNZ stood pat last week as expected with its usual tone favoring no rate alterations in near future.
- However, Governor Adrian Orr downplayed a question for rate cut during press conference just after the monetary policy meeting.
- The pair trades with a positive technical bias, scope for test of 0.6935 (major trendline).
- We see stiff resistance upto 0.6945 mark (200-W SMA). Further gains only on break above.
- Immediate support is seen at 21-EMA at 0.6811. Break below will see dip till 100-DMA at 0.6731.
Support levels - 0.6811 (21-EMA), 0.6731 (100-DMA)
Resistance levels - 0.6935 (trendline), 0.6945 (nearly converged 200-W SMA and 55-W EMA)
Recommendation: Good to stay short on dips around 0.6870/80, SL: 0.6810, TP: 0.69/ 0.6935/ 0.6945.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



