Chart - Courtesy Trading View
Technical Analysis:
- NZD/USD was trading 0.78% higher on the day at 0.6243 at around 11:25 GMT.
- The pair has bounced off 200-DMA with a Hammer formation on Thursday's candle
- MACD and ADX support upside in the pair, Chikou span is biased higher
- Momentum is bullish, Stochs and RSI are biased higher, RSI well above 50
- GMMA indicator shows major trend is neutral, while minor trend is turning bullish
Support levels:
S1: 0.6212 (21-EMA)
S2: 0.6160 (200-DMA)
Resistance levels:
R1: 0.6251 (55-EMA)
R2: 0.6286 (Upper BB)
Summary: NZD/USD bounce off 200-DMA has raised scope for further gains. Watch out for break above 55-EMA for further gains.


Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD edges lower but bullish outlook persists
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro- Major European Indices
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro-Major European Indices
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 



