NZD/USD chart - Trading View
NZD/USD pauses downside at major trendline support at 0.6488.
The pair is trading slightly higher on the day at 0.6506, up 0.28% at 07:10 GMT.
Technical indicators support further weakness in the pair. Momentum highly bearish.
RSI well below 50 and Stochs and 5-DMA are sharply lower. Bearish 5-DMA crossover on 20-DMA keeps bias lower.
'Death Cross' on daily charts to plummet the pair further. Volatility is rising.
Breach at trendline support at 0.6487 eyes lower BB at 0.6490 ahead of 0.6424 (Oct 8 lows).
5-DMA is immediate resistance at 0.6543, break above 50-DMA could see upside resumption.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-break-below-20-DMA-opens-up-further-downside-06485-in-sight-1549686) has almost hit targets.
Recommendation: Watch for break below trendline support for further weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



