NZD/USD chart - Trading View
Spot Analysis:
NZD/USD was trading 0.60% higher on the day at 0.7125 at around 05:15 GMT
Previous Week's High/ Low: 0.7077/ 0.6911
Previous Session's High/ Low: 0.7105/ 0.7049
Fundamental Overview:
Kiwi tracks Australian dollar higher.
Retreating US bond yields prompted fresh USD selling and provided support to the pair.
The pair finally broke major confluence barrier at 200-DMA and channel top raising scope for further upside.
Monday's disappointing Chinese data which showed that the economic growth decelerated sharply from 7.9% to 4.9% in Q3 dents sentiment and could hamper gains.
Also, prospects for an early Fed taper might help limit any deeper USD losses and cap upside in the pair. Focus on US Housing Start, and Building Permits for impetus.
Technical Analysis:
- NZD/USD has broken major resistance at 200-DMA and channel top
- Momentum is strongly bullish, Stochs and RSI are biased higher
- Volatility is high and rising as evidenced by widening Bollinger bands
- MACD and ADX support further upside in the pair
Major Support and Resistance Levels:
Support - 0.7097 (200-DMA), Resistance - 0.7195 (200-month MA)
Summary: NZD/USD trades with a major bullish bias. Immediate resistance is seen at 50% Fib at 0.7134. Next major resistance lies at 200-month MA at 0.7195.


FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



