NZD/USD chart - Trading View
NZD/USD resumes weakness after brief pause, trades 0.36% lower at 0.6510 at 05:30 GMT.
The pair trades with a bearish bias, Stochs and RSI sharply lower.
Price action has breached below channel support, further downside on charts.
Next bear target lies at 88.6% Fib at 0.6486 ahead of 0.6465 (Oct 26th low).
5-DMA is immediate resistance at 0.6532. Break above targets 21-EMA at 0.6597.
Markets await the fortnightly GDT dairy auction results due later today around 1400 GMT.
Support levels - 0.6486 (88.6% Fib), 0.6465 (Oct 26 low), 0.6424 (Oct 8 low)
Resistance levels - 0.6532 (5-DMA), 0.6597 (21-EMA), 0.66
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
