NZD/USD chart - Trading View
NZD/USD was trading 0.13% lower on the day at 0.7062 at around 04:40 GMT, slipping lower from new multi-month highs at 0.7104.
The pair is extending weakness after back-to-back 'Spiining Top' formations on the daily candles in the past 2 sessions.
After a stellar 6.09% rise in the November month, kiwi bulls are taking a breather as oscillators have reached overbought levels.
The pair has approached stiff resistance zone at 200M MA at 0.7180. Break above is likely to propel the pair higher.
Weakness in the greenback amid expectations for swift global economic recovery on rising vaccine expectations and renewed fiscal stimulus hopes likely to keep upside intact.
Pullbacks likely to find supports at 0.7023 (200H MA), 0.6947 (nearly converged 20-DMA and 21-EMA) and 0.6804 (55-EMA).
Next bull target above 200M MA lies at 0.7320 (88.6% Fib retracement). Bullish invalidation only below 200W MA.


FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro- Major Pair levels and bias summary 



