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FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900 
- USD/KRW is currently trading around 1,158 levels.
- Pair made intraday high at 1,158 and low at 1,153 marks.
- Intraday bias remains bullish till the time pair holds key support at 1,150 levels.
- A daily close above 1,150 will drag the parity higher towards key resistances at 1,165, 1,175, 1,186, 1,197, 1,203, 1,211, 1,220 (March 03, 2016 high) and 1,244 marks respectively.
- On the other side, a sustained close below 1,150 will test key supports at 1,142/1,132/1,127/1,117 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position in USD/KRW around 1,160, stop loss 1,172 and target of 1,142/1,130.
