NZD/USD chart - Trading View
NZD/USD was trading 0.31% lower on the day at 0.6750 at around 05:25 GMT.
The major is showing retreat from 13-month highs at 0.6789 hit on Sept 2nd trade.
Oversold oscillators and bearish divergence may cause some pullbacks. Break below immediate support at 5-DMA to see further weakness.
Major trend is strongly bullish. Pullbacks are likely to bounce off support at 21-EMA or daily cloud.
Breach below cloud could change near-term dynamics. Bearish continuation below 200-DMA.
Stiff resistance is seen at 0.6789 (nearly converged trendline and 200W MA). Decisive break above will fuel further gains.
Support levels - 0.6726 (110H EMA), 0.6658 (200H MA), 0.6645 (21-EMA)
Resistance levels - 0.6760 (61.8% Fib), 0.6786 (200W MA), 0.68
