FxWirePro: NZD/USD hovers around 20-DMA at 0.6913, bias higher, good to go long on break above

• NZD/USD breaks 20-DMA at 0.6913, intraday bias higher.
   
• Bullish RSI divergence seen on daily charts, raises scope for upside.
   
• Technical indicators are bullish, next immediate resistance seen at 0.6950 (trendline).
   
• Break above 0.6950 targets 50-DMA at 0.6961.
   
• Weakness only on break below 5-DMA support at 0.6878.

Support levels - 0.6913 (20-DMA), 0.69, 0.6878 (5-DMA), 0.6817 (May 11 low)

Resistance levels - 0.6950 (trendline & 23.6% Fib of 0.7375 to 0.6817 fall), 0.6961 (50-DMA)

TIME  TREND INDEX  OB/OS INDEX   

1H          Bullish                Overbought      

4H          Bullish                Neutral      

1D          Neutral               Neutral       

1W         Bearish               Neutral     

Recommendation: Good to go long on decisive break above 20-DMA at 0.6913, SL: 0.6860, TP: 0.6950/ 0.6970/ 0.70

FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at 70.0741 (Slightly bullish), while Hourly USD Spot Index was at -134.299 (Bearish) at 0630 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.