NZD/USD chart - Trading View
Technical Analysis: Bias turning Bullish
- NZD/USD was trading 0.39% higher on the day at 0.7234 at around 05:30 GMT
- RSI has turned north and is holding above 50 mark, Stochs show bullish momentum
- Price action is consolidating above daily cloud, Chikou span is biased higher
- The pair has bounced off Symmetric Triangle base and has edged above 200H MA
- 21-EMA is offering strong support at 0.72 mark, the pair is consolidating above 200-month MA
- Volatility is high and rising as evidenced by widening Bollinger bands
Support levels - 0.7227 (200H MA), 0.72 (21-EMA), 0.7166 (55-EMA)
Resistance levels - 0.7288 (Trendline), 0.73 (psychological mark), 0.7326 (Upper W BB)
Summary: NZD/USD consolidates around daily cloud and 200-month MA. Scope for upside resumption. Failure at 200-month MA negates any bullish bias.
