FxWirePro: NZD/USD on minor uptrend ahead of NZ Q2 GDP data, breakout at 55-EMA could see bullish continuation

• NZD/USD is extending upside for the 4th straight session, bias higher.
   
• The pair has broken above 5-DMA and eyes next major resistance at 21-EMA.
   
• Improved risk appetite on easing US-China trade tensions and higher oil prices continue to remain supportive of the higher-yielding NZD.
   
• Minor uptrend in the pair finds immediate resistance at 21-EMA at 0.6607. Decisive break above to see further upside. Bullish continuation only above 55-EMA.
   
• US retail sales, industrial production and prelim UoM consumer sentiment data will be watched for impact on the major. 
   
• Focus also remains on the NZ Q2 GDP report slated for release next week.

Support levels - 0.6553 (5-DMA), 0.65 (Sept 11 low)

Resistance levels - 0.6607 (21-EMA), 0.6698 (55-EMA), 0.6727 (Aug 28 high)

FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -32.9275 (Neutral), while Hourly USD Spot Index was at 27.0931 (Neutral) at 0645 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.