NZD/USD chart - Trading View
NZD/USD was trading largely rangebound at 0.6911 at around 06:40 GMT, outlook bearish.
The pair is consolidating previous session's slump and recovery attempts remain capped below 5-DMA.
FOMC verdict due later today will determine USD price dynamics and hence price action in the pair.
The Federal Reserve is likely to maintain its cautious tone amid rising covid cases. Focus will be on how Fed Chair Jerome Powell will defend the easy-money policies.
A 'Death Cross' (bearish 50-DMA crossover on 200-DMA) confirmed on the daily charts keeps scope for downside.
Momentum is bearish, RSI is below the 50 mark and biased lower. GMMA indicator shows major trend is strongly bearish, while minor trend is shifting bearish.
Strong supports for the pair align at 0.6953 (55-week EMA) and 0.6915 (Trendline). Break below trendline support will plummet prices further.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 



