Chart - Courtesy Trading View
NZD/USD was trading largely unchanged at 0.6365 at around 09:00 GMT.
The pair has edged higher from session lows at 0.6300, finds strong support at 21-EMA.
5-DMA is biased lower and caps upside in the pair. Price action is below 200H MA.
Momentum is bearish. Stochs and RSI are biased lower. Bearish RSI divergence raises scope for downside.
Data released earlier showed New Zealand Business confidence has plummeted to a fresh record low in December, down 13 points to -70.
Support levels:
S1: 0.6305 (21-EMA)
S2: 0.6260 (200-DMA)
Resistance levels:
R1: 0.6380 (5-DMA)
R2: 0.6392 (200H MA)
Summary: NZD/USD trades with a bearish bias. Watch out for break below 21-EMA for further weakness. Next major support lies at 200-DMA at 0.6260.


JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Pair levels and bias summary 



