NZD/USD chart - Trading View
NZD/USD was trading 0.92% lower on the day at 0.6049 at around 06:00 GMT.
The pair retreats from 4-week high, breaks below 5-DMA, scope for further downside.
US dollar is seen recovering some lost ground following Tuesday’s sharp sell-off, weighing on the pair.
NZD/USD has failed to extend break above 0.61 handle, bears eye 21-EMA support at 0.6020, break below will see further downside.
Speculation of a global recession and further deterioration of fundamentals on account of the COVID-19 pandemic keeps risk assets on check.
Technical studies are poised for bearish reversal. Stochs are on verge of rollover from overbought levels.
Major trend as evidenced by GMMA indicator is bearish. Minor trend is turning neutral. Break below 200H MA will confirm further weakness.
Support levels - 0.6020 (21-EMA), 0.60 (200H MA), 0.5936 (20-DMA)
Resistance levels - 0.6145 (55-EMA), 0.6241 (Cloud base), 0.6264 (61.8% Fib)


FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Wall Street Analysts Weigh in on Latest NFP Data
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
2025 Market Outlook: Key January Events to Watch
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 



