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NZD/USD chart - Trading View
NZD/USD was trading 0.28% higher on the day at 0.7115 at around 10:05 GMT.
The pair has erased early losses and has bounced off session lows amid US dollar weakness.
The major has halted downside at daily Ichimoku cloud with a Doji formation on Wednesday's candle.
Momentum is bullish. Bullish RSI divergence adds to the upside bias. Volatility is high and rising.
Price action is hovering around 200-DMA resistance at 0.7114, breakout above will see upside continuation.
The pair is trading in a 'Sloping Channel' pattern and breakout of channel top will buoy upside in the pair.
On the flipside, rejection at 200-DMA and retrace into the daily cloud will see more weakness.
