FxWirePro: NZD/USD on track to test 100-DMA at 0.7193, stay long

• Broad-based US dollar weakness supports NZD/USD higher.
   
• Focus on NZ GDT price index ahead of tomorrow’s RBNZ Governor Wheeler’s speech for further impetus.
   
• NZD/USD edges higher from session lows at 0.7093, retakes 0.71 handle.
   
• The pair is holding break above 20-DMA, we see weakness only ob close below.
   
• We see scope for test of 100-DMA at 0.7193. 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 & 2.
   
• Support levels - 0.71, 0.7094 (20-DMA), 0.7050 (200-DMA), 0.7043 (Dec 1 low), 0.70
   
• Resistance levels - 0.7167 (38.2% Fib), 0.7193 (100-DMA), 0.72
   

Recommendation: Book partial profits at highs, hold for upside. 
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FxWirePro's Hourly NZD Spot Index was at 16.3861 (Neutral), while Hourly USD Spot Index was at -95.9472 (Highly bearish) at 0500 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.