NZD/USD chart - Trading View
NZD/USD was trading 0.09% lower at 0.6528 at around 05:25 GMT, intraday bias is neutral.
Kiwi dented after the New Zealand government announced an extension of lockdown in Auckland till August 30.
The pair is extending range trade between 21 and 55 EMAs. Breakout on either side will provide a clear directional bias.
On the downside cloud at 0.6521 and 55-EMA at 0.6515 offer strong support. Break below will see dip till 110-EMA at 0.6431. Breach at 200-DMA opens downside.
On the flipside 5-DMA is capping upside at 0.6551. Above 5-DMA, 21-EMA offers major resistance at 0.6573. Decisive break above 21-EMA could see further gains.
Focus on Jackson Hold Symposium where Fed's Powell will deliver a speech on the long-awaited monetary policy framework review, which focuses on inflation.
Support levels - 0.6521 (Cloud top), 0.6515 (55-EMA), 0.6431 (110-EMA)
Resistance levels - 0.6551 (nearly converged 5-DMA and 200H MA), 0.6598 (20-DMA)
