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NZD/USD chart - Trading View
- NZD/USD has paused downside and is trading 0.25% higher on the day at 0.6793 at 1120 GMT.
- The pair is extending trade within daily cloud and recovery is capped below cloud top.
- Momentum studies are bearish and RSI shows weakness below 50 levels.
- Range trade continues on the weekly charts, upside remains capped below major resistance at 0.6931 (converged 200-W SMA and 110-W EMA).
- On the lower side 21-W EMA is strong support and decisive break below will see major weakness.
Support levels - 0.6761 (38.2% Fib), 0.6736 (200-DMA)
Resistance levels - 0.6839 (5-DMA), 0.6921 (Upper BB)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
