NZD/USD chart - Trading View
NZD/USD was trading 0.13% higher on the day at 0.7177 at around 07:00 GMT, outlook neutral.
The pair was extending marginal gains on the day as positive credit review report by Moody's supports kiwi.
Moody's Investors Service in its new credit review report on New Zealand’s economy said that New Zealand has a robust fiscal position and a negative rating action is unlikely.
On the data front, New Zealand’s CPI data printed in line with expectations and failed to put a bid under the kiwi.
Major trend in the pair as evidenced by GMMA indicator is neutral. The pair closed Tuesday's trade with an inverted hammer formation.
Upside in the pair was rejected at daily cloud. Price action is currently holding support at 5-DMA at 0.7165. Break below will see some weakness.
Pullback is likely to find strong support at 55-EMA at 0.7116. Overbought conditions may cause some downside.


FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro- Woodies Pivot(Major)
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92 



