NZD/USD chart - Trading View
NZD/USD erases early gains, trades 0.26% lower on the day at 0.5941 at 08:45 GMT.
The pair has paused a 5 day winning streak as upside remains capped at 21-EMA resistance.
5-DMA has turned, MACD is on verge of bullish crossover on signal line and Stochs and RSI have rolled over from oversold levels.
Major trend in the pair is bearish. However, minor trend is turning slightly bullish, raising scope for upside.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) on the daily charts could limit gains.
Price action has broken above 38.2% Fib retracement (0.5960) and breakout at 21-EMA will see further upside.
Failure to break 21-EMA resistance and retrace below 5-DMA negates any bullish bias.
Focus shall be on the coronavirus data for near-term direction. US Michigan Consumer Sentiment may offer additional volatility.
Support levels - 0.5857 (5-DMA), 0.5772 (23.6% Fib)
Resistance levels - 0.6016 (21-EMA), 0.6112 (50% Fib)


FxWirePro: AUD/USD dips below lower range, bearish bias increases
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Pair levels and bias summary
China's Refining Industry Faces Major Shakeup Amid Challenges
2025 Market Outlook: Key January Events to Watch
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Bank of America Posts Strong Q4 2024 Results, Shares Rise
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



