- NZD/USD extends gradual grind higher after bounce off 200-DMA on Aug 31st trade.
- The pair finds strong support at 20-DMA at 0.7243, we see weakness only on close below.
- Upside is struggling to break above 50-DMA at 0.7315, we see further upside only on break above.
- Technical studies are bullish, RSI and Stochs biased higher and we see bullish divergence on daily charts.
- US inflation data (due Thursday) will be in focus for fresh clues over the timing of next Fed rate hike move and eventually further direction in the pair.
Support levels - 0.7275 (38.2% Fib retrace of 0.6817 to 0.7558 rally), 0.7249 (5-DMA), 0.7243 (20-DMA)
Resistance levels - 0.73373 (Double top), 0.7391 (weekly 200-SMA), 0.7416 (Aug 7 high)
Recommendation: Good to go long on decisive break above 50-DMA, SL: 0.72, TP: 0.7340/ 0.7390/ 0.7415
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at 122.408 (Bullish), while Hourly USD Spot Index was at 42.446 (Neutral) at 1110 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: GBP/ NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD positions for another drop, eyes 2.0100 level
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
FxWirePro: USD/JPY bears maintain upper hand
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 



