FxWirePro: NZD/USD pauses upside at 200-DMA, good to go long on break above

NZD/USD chart on Trading View used for analysis

• NZD/USD pauses upside at 200-DMA, break above to see further upside.
   
• Momentum studies are bullish. Stochs and RSI are biased higher.
   
• MACD is showing a bullish crossover on signal line which adds to the bullish bias.
   
• Break above 200-DMA will see test of 50% Fib at 0.6930 ahead of 0.6969 (Dec 4th high).
   
• On the flipside, rejection at 200-DMA will see dip till 5-DMA at 0.6755. Further weakness on brean below.

Support levels - 0.6755 (5-DMA), 0.67, 0.6663 (23.6% Fib)

Resistance levels - 0.6802 (200-DMA), 0.6930 (50% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.