NZD/USD chart - Trading View
NZD/USD bulls unimpressed by upbeat New Zealand Trade Balance data.
The major slipped below 200-DMA overnight on broad-based US Dollar strength.
Price action is currently consolidating break below 200-DMA, bias is turning bearish.
RSI has turned lower and Stochs are on verge of rollover from overbought levels.
Immediate support lies at 21-EMA at 0.6686. Break below will accentuate weakness.
Next major support lies at daily cloud at 0.6632. Breach below cloud required for bearish continuation.
Support levels - 0.6686 (21-EMA), 0.6657 (55-EMA), 0.66 (Lower BB)
Resistance levels - 0.6720 (200-DMA), 0.6740 (5-DMA), 0.6790 (July 19 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
