- NZD/USD extends gains after break above 5-DMA.
- The pair has retraced above 50% Fibo of 0.6347 to 0.7485 rally.
- Bullish RSI divergence on daily charts supports upside.
- Stochs are on verge of rollover from oversold which if done would provide further confirmation.
- Support levels - 0.6916 (50% Fib), 0.6904 (5-DMA), 0.6862 ( Dec 23 low), 0.6855 ( trendline support), 0.68
- Resistance levels - 0.6947 ( Dec -12 high), 0.70, 0.7027 (20-DMA), 0.7050 (38.2% Fib)
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-extends-recovery-from-multi-month-lows-break-of-5-DMA-seen-good-to-buy-dips-466713) is progressing well. TP1 almost hit.
Recommendation: Hold for further gains. Bullish invalidation on close below 5-DMA at 0.6904.
FxWirePro's Hourly NZD Spot Index was at 102.691 (Highly bullish), while Hourly USD Spot Index was at -100.214 (Highly bearish) at 0550 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: USD/ZAR bears maintain upper hand
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Major Crypto levels and bias summary 



