Chart - Courtesy Trading View
NZD/USD was trading 0.18% higher on the day at 0.6625 at around 10:30 GMT, down from session highs at 0.6648.
Recovery in the pair was rejected at 21-EMA and the pair has turned bearish in the near-term.
Worries over an imminent Russian invasion of Ukraine continue to weigh on investors' sentiment, denting the antipodeans.
Major trend in the pair is bearish. Price action is below major moving averages which are trending lower.
GMMA indicator shows major and minor trend are strongly bearish. MACD and ADX also support weakness in the pair.
Focus now on the release of the US Producer Price Index (PPI) for January, due later during the North American session.
Geopolitical developments will also have an influence in the USD and produce trading opportunities for the pair.
Support levels - 0.66, 0.6537 (Lower BB), 0.6529 (Jan 28 low)
Resistance levels - 0.6645 (5-DMA), 0.6664 (21-EMA), 0.67
Summary: NZD/USD fades early gains. Upside in the pair lacks traction. Scope for downside resumption. Dip till 0.6230 likely in the near-term.


ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro: USD/CAD bulls continue to hold the higher ground
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
FxWirePro- Woodies pivot (Major)
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97 



