NZD/USD chart - Trading View
NZD/USD grinds lower after 'Shooting Star' formation in the previous week dents upside.
The major was trading 0.25% lower on the day at 0.6042 at around 10:00 GMT after closing 1.12% lower on Friday's trade.
Price action has erased early losses and had retraced back from session lows at 0.6008.
Kiwi garnered bids as S&P affirmed New Zealand's AA Ratings with outlook – Positive.
Analysis of GMMA indicator shows major trend has been bearish, while minor uptrend has faltered at 55-EMA resistance.
Technical indicators are turning bearish. RSI has slipped below 50 and Stochs are on verge of rollover from near-overbought levels.
Price action hovers around 21-EMA at 0.6035, decisive close below will drag prices lower. Breach below daily cloud will confirm downside resumption.
On the flipside, breakout above 55-EMA required for upside continuation. Next hurdle on the upside lies at 61.8% Fib at 0.6264.


Moldova Criticizes Russia Amid Transdniestria Energy Crisis
2025 Market Outlook: Key January Events to Watch
Wall Street Analysts Weigh in on Latest NFP Data
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD gains some ground but outlook is still bearish
FxWirePro- Woodies Pivot
Urban studies: Doing research when every city is different
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: GBP/AUD consolidating around 1.8980, room for further gains
FxWirePro: GBP/USD retreats as traders await US and UK inflation data 



