NZD/USD chart - Trading View
NZD/USD is extending marginal gains on the day on upbeat New Zealand trade data.
Data released by Statistics NZ earlier today showed New Zealand’s May month Trade Deficit shrank to NZD1.33 billion compared to April month’s NZD-2.441 billion.
The pair was trading 0.32% higher on the day at 0.6429 at around 10:35 GMT, erasing part of the previous session's losses.
Price action has bounced off 21-EMA support raising scope of upside resumption. Price action is above 200-DMA and major trend is bullish.
However, risk-negative catalysts (Earthquake in New Zealand, coronavirus concerns, trade tensions) keep upside limited.
5-DMA is capping upside at 0.6442. Weakness seen on the intraday charts. Break below 21-EMA will see dip till 200-DMA at 0.6319.
Retrace above 200H SMA (0.6450) and clear break above 5-DMA will negate bearish bias.
Major Support: 0.6319 (200-DMA)
Major Resistance: 0.6480 (78.6% Fib)


FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Woodies pivot (Major)
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/JPY on nervous hold around 160.00 



