NZD/USD chart - Trading View
NZD/USD was trading 0.47% higher on the day at 0.7174 at around 08:10 GMT, outlook is bullish.
The pair has resumed upside after a brief pause on Friday's trade and is set to test daily cloud.
Data released earlier on Monday showed New Zealand’s Business NZ PSI data crossed upwardly revised 49.7 prior readings with 52.4 figures for March.
Technical studies support upside in the pair. Price action has edged above 20W MA and is on track to test daily cloud.
Decisive break above daily cloud will fuel further gains. On the flip side, 5-DMA is immediate support at 0.7135. Breach below 110-EMA negates any upside bias.
Mounting Covid woes in the key regional players like India, Indonesia and the Philippines are likely to keep gains limited.
Focus on the risk catalysts for fresh impulse ahead of tomorrow’s monetary policy meeting by the People’s Bank of China (PBOC).


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
ETHUSD Dip: Prime Buy Zone to $3600 Targets
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro- Major Crypto levels and bias summary
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro-Major European Indices
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 



