FxWirePro: NZD/USD hovers around 20-DMA at 0.7105, bias higher

• NZD/USD edges higher from session lows at 0.7069, hovers around 20-DMA.
   
• Upside in the pair intact till pair closes above 5-DMA. 
   
• We see scope for test of 100-DMA at 0.7192. Break above could see further upside.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-finds-major-support-at-06965-good-to-go-long-on-dips-428285) has hit TP1.
   
• Support levels - 0.7043 (Dec 1 low), 0.70, 0.6971 (Nov 24 low), 0.6955 (channel base)
   
• Resistance levels - 0.7169 (Nov 30 high), 0.7192 (100-DMA), 0.72
   

Recommendation: Book partial profits, hold for upside. 
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FxWirePro's Hourly NZD Spot Index was at -17.5231 (Neutral), while Hourly USD Spot Index was at -80.6679 (Bearish) at 0645 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex