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FxWirePro- Major Pair levels and bias summary 
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NZD/USD chart - Trading View
NZD/USD was trading 0.05% lower on the day at 0.6003 at around 09:30 GMT, bias remains neutral.
China's MLF operation fails to lift the antipodeans. The People's Bank of China (PBOC) injected 56.1 billion Yuan into the system via targeted medium-term lending facility (MLF) operation.
Notably, the central bank cut the interest rate on the 1-year targeted MLF to 2.95% from the previous rate of 3.15%.
Market sentiment grim as Gilead's coronavirus drug fails in first trial. As expectations of a quick economic recovery continue to dwindle risk assets remains subdued.
NZD/USD extends sideways along 21-EMA support. Volatility remains low and technical studies do not provide a clear directional bias for now.
Major trend in the pair is bearish, but a breakout above daily cloud could change near-term dynamics.
