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FxWirePro: NZD/USD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- NZD/USD was trading 0.23% higher on the day at 0.6519 at around 13:10 GMT

- The pair is extending gains for the second straight session after bounce off 21-EMA support on Wednesday

- Price action is above daily cloud and Chikou span is biased higher

- GMMA indicator shows major and minor trend are bullish

- Momentum is bullish, MACD and ADX support upside in the pair

- Bearish RSI divergence on the daily charts keeps scope for downside

Support levels:

S1: 0.6482 (5-DMA)

S2: 0.6434 (21-EMA)

Resistance levels:

R1: 0.6544 (Upper BB)

R2: 0.6613 (200-week MA)

Summary: NZD/USD trades with a bullish bias. The pair is poised to test 200-week MA at 0.6613. On the flipside, break below 21-EMA will see dip till daily cloud. Major weakness only below 200-DMA. 
 

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