NZD/USD chart - Trading View
NZD/USD has resumed weakness and was trading 0.59% lower at 0.6407 at around 05:28 GMT.
The antipodeans depressed after downbeat China data dump. More pain on cards as market’s risk-tone remains sluggish amid COVID-19 resurgence fears.
China’s May month Industrial Production slipped below 5.0% forecast to 4.4% whereas Retail Sales shrank more than 2.2% expected to -2.8%.
Technical studies for the pair have turned bearish. Oscillators have rollover from overbought levels.
MACD is on verge of bearish crossover on signal line and Chikou Span on the Ichimoku charts is biased lower.
Price action hovers around 0.64 handle and is on track to test 200-DMA at 0.6317. Violation at 200-DMA will open downside.
Major Support - 0.6317 (200-DMA)
Major Resistance - 0.6540 (110W EMA)


Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: USD/ZAR bears maintain upper hand
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



