Chart - Courtesy Trading View
NZD/USD was trading 0.11% higher on the day at 0.6891 at around 08:30 GMT.
The pair has edged higher from session lows at 0.6863, resumes upside after brief pause on Monday's trade.
Firmer US Treasury yields and risk-off mood keep the US dollar bid across the board, denting upside in the pair.
Price action finds stiff resistance at 200-DMA at 0.6909, decisive break above required for upside continuation.
GMMA indicator shows major trend is turning bullish, while minor trend is bullish on the daily charts.
Price action is above 200-week MA. Momentum is bullish and volatility is high. Scope for further upside.
Support levels - 0.6880 (5-DMA), 0.6853 (110-week EMA), 0.6821 (110-EMA)
Resistance levels - 0.6909 (200-DMA), 0.6955 (61.8% Fib), 0.7023 (Upper W BB)
Summary: NZD/USD trades pivotal at 200-DMA. Watch out for decisive break above for upside continuation. 0.70 levels in sight. Failure at 200-DMA negates any further bullishness.
