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- NZD/USD edges higher from session lows at 0.7077, intraday bias higher.
- The pair finds major support at 0.7080 levels, weakness only on break below.
- Technicals suggest upside in the pair, RSI is biased north and Stochs are on the verge of a rollover from oversold levels.
- Major support levels - 0.7080 (5-DMA, 50% Fib), 0.7035 (trendline), 0.6985 (61.8% Fib)
- Major resistance levels - 0.7124 (10-DMA), 0.7175 (38.2% Fib), 0.7205 (20-DMA)
Recommendation: Good to go long on dips around 0.7090/0.71, SL: 0.7070, TP: 0.7125/ 0.7175/ 0.72
