NZD/USD chart on Trading View used for analysis
- NZD/USD has edged higher after taking support at daily cloud.
- Intraday bias for the pair remains bearish. Break below cloud raises scope for further downside.
- The major has broken channel base support and upside remains capped at 5-DMA which is sharply lower.
- Looming U.S. government shutdown when the new Congress convenes and Democrats take over the House of Representatives is souring risk sentiment, keeping the antipodeans under pressure.
- Momentum with the bears. Breach at cloud support will see weakness till 61.8% Fib at 0.6632.
- On the flipside, retrace into channel and break above 200-DMA could see upside.
Support levels - 0.6719 (cloud top), 0.6697 (50% Fib), 0.6654 (cloud base), 0.6632 (61.8% Fib)
Resistance levels - 0.6766 (5-DMA), 0.68, 0.6830 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6550
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Global Markets React to Strong U.S. Jobs Data and Rising Yields
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90
Energy Sector Outlook 2025: AI's Role and Market Dynamics
US Gas Market Poised for Supercycle: Bernstein Analysts
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro:NZD/USD rout continues without relief
FxWirePro: USD/CNY hits one –month high, scope for further upside
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
NZDJPY: The Kiwi Yen's Bull Run Hits a Brick Wall at 92 — Sell the Rally? 



