FxWirePro: NZD/USD Daily Outlook

NZD/USD chart - Trading View 

• NZD/USD has edged higher from 3-week lows at 0.6780 and is currently trading at 0.6822 at 0530 GMT.
   
• The pair has held support at 110-EMA and we see weakness only on break below.
   
• Range trade continues on the weekly charts, upside remains capped below major resistance at 0.6931 (converged 200-W SMA and 110-W EMA).
   
• On the lower side 21-W EMA is strong support and decisive break below will see major weakness.
   
• On the daily charts the pair holds support at 110-EMA. Break below eyes cloud support at 0.6764 and then 0.6748 (trendline support).

Support levels - 0.68 (110-EMA), 0.6764 (cloud base), 0.6748 (trendline), 0.6736 (200-DMA)

Resistance levels - 0.6845 (21-EMA), 0.6862 (5-DMA), 0.69

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.