NZD/USD chart on Trading View used for analysis
- NZD/USD is trading in a narrow range on the day, with the days high at 0.6532 and low at 0.6517.
- Bears have paused above 0.65 handle, but technical studies are still biased lower.
- Further, the two-year US-NZ yield spread has hit a fresh all-time high, suggesting further weakness for the kiwi.
- NZ OIS pricing shows a 45% chance of a rate cut by mid-2019, with a rate hike not fully priced until May 2021.
- Technical studies show momentum still with the bears. We see scope for test of channel base support at 0.6470. Breach there could see further weakness.
- For the week ahead, focus will be on U.S. PPI and CPI releases that are key. Higher than expected CPI will underpin the case for higher rates from the Fed.
- Other key U.S. data in the week ahead include the JOLTS jobs, real weekly earnings, retail sales and industrial production.
Support levels - 0.6447 (Feb 2016 low), 0.64, 0.6347 (2016 low)
Resistance levels - 0.6556 (5-DMA), 0.66, 0.6627 (21-EMA)
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -33.2486 (Neutral), while Hourly USD Spot Index was at -20.5365 (Neutral) at 0500 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD downside pressure builds, key support level in focus
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD firms after upbeat consumer spending data
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: AUD/USD cedes early gains ,outlook bearish 



