NZD/USD chart - Trading View
NZD/USD was trading 0.28% higher on the day at 0.7181 at around 08:15 GMT, consolidates previous session's weakness.
Price action has slipped below 55-EMA which is capping recovery attempts, scope for downside.
US-China jitters adds to the risk-off mood as Asian markets slip lower amid concerns over reflation.
US/China talks started out on a sour note with US Secretary of State Antony Blinken vowing to raise concerns about recent cyber attacks, the treatment of Muslim minorities in Xinjiang and Beijing’s increasing control over Hong Kong.
Chinese State Councilor Yang Jiechi replied by saying that Western nations don’t represent global public opinion and called the US the “champion” of cyber-attacks.
The major has been grinding higher in a rising channel pattern and is currently testing support at channel base.
U.S. dollar weakness is preventing further weakness in the pair. Breach below channel base and daily cloud will plummet prices.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Major Crypto levels and bias summary 



