NZD/USD chart - Trading View
NZD/USD was trading largely rangebound at 0.6527 at around 04:30 GMT, outlook bearish.
The pair has slipped below 21-EMA and minor recovery attempts were capped at 21-EMA.
Price is holding strong support at daily cloud. Breach at cloud top will add downside pressure.
Risk for the NZD are more tilted to the downside as the Reserve Bank of New Zealand (RBNZ) is flagging negative rates.
The main focus today remains on New Zealand Trade Balance data for direction. Traders also await Federal Reserve Chairman Jerome Powell’s keynote address later this week at the Jackson Hole.
Technical bias for the pair is bearish. Scope for test of 23.6% Fib at 0.6421 ahead of 200-DMA at 0.6370. Violation at 200-DMA will open downside.


FxWirePro- Woodies pivot (Major)
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: AUD/USD dips below lower range, bearish bias increases
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Major Pair levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Major Crypto levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



