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Chart - Courtesy Trading View
Technical Analysis:
- NZD/USD was trading 0.34% higher on the day at 0.6177 at around 10:35 GMT
- The pair is grinding higher for the second straight session after back-to-back Doji formations
- Price action has edged above 200H MA, but is struggling to break above 0.62 handle
- RSI is biased higher, MACD shows bullish crossover on signal line
- 5-DMA has turned and Chikou span is biased higher
- GMMA shows bullish trend on the intraday charts
Support levels:
S1: 0.6146 (200H MA)
S2: 0.6073 (Lower BB)
Resistance levels:
R1: 0.6208 (21-EMA)
R2: 0.63
Summary: NZD/USD finds major resistance at 21-EMA at 0.62 mark. Watch out for decisive break above for upside continuation.
