NZD/USD chart on Trading View used for analysis
- New Zealand unadjusted monthly trade deficit widened $90m in September to $1,560m, hits new record.
- NZD/USD has pared losses and edged higher from session lows at 0.6502, but poor showing in equities likely to keep upside capped.
- The pair's bearish bias remians intact as long as 5-DMA resistance holds.
- Break above 5-DMA could see test of channel top at 0.66. Bearish invalidation only on channel breakout.
- On the flipside, next major support lies at 0.6425 (lower BB) ahead of 0.6424 (Oct 8 low).
- Focus now on U.S. Q3 GDP data for further impetus.
Support levels - 0.6425 (lower BB), 0.6424 (Oct 8 low)
Resistance levels - 0.6548 (5-DMA), 0.66 (55-EMA and channel top)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Stock Futures Dip as Investors Await Key Payrolls Data
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro: GBP/USD slides to three-month low, scope for further downside
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro- Major Pair levels and bias summary
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Wall Street Analysts Weigh in on Latest NFP Data
JPY Major Currency Score – Pairs Trades Flat & Good to Avoid
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Bank of America Posts Strong Q4 2024 Results, Shares Rise
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely 



