Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
AUDJPY Smashes 30-Month Peak — Buy the Dip, 112 in Sight 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Wall Street Analysts Weigh in on Latest NFP Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
NZDJPY Bulls in Control: Buy-the-Dip Setup Points to 96 Target 
NZD/USD chart on Trading View used for analysis
- NZD/USD has paused downside at 200-DMA support and edged higher.
- The pair has formed a Doji at 200-DMA support on Monday's trade and we see weakness only on break below.
- On the upside we see stiff resistance at 1H 200 SMA at 0.6891, decisive break above could see upside resumption.
- However, the kiwi is likely to struggle to push higher in the current risk-off environment. We see bearish divergence on RSI and Stochs.
- Currently, dollar weakness on account of news that Trump is fearing impeachment when Democrats take over the House is supporting the pair higher.
- Business NZ will be releasing their data on manufacturing this Friday, which is expected to have a medium impact.
- Breakout at 1H 200 SMA will see test of 0.6969 (Dec 4 high) ahead of 0.7050 (61.8% Fib).
- On the flipside, breach at 200-DMA could see the pair fall till 0.6746 (nearly converged 110 and 55 EMAs).
Support levels - 0.6852 (200-DMA), 0.6830 (21-EMA)
Resistance levels - 0.6891 (1H 200 SMA), 0.6930 (50% Fib), 0.6969 (Dec 4 high)
Recommendation: Watch out for break above 1H 200 SMA to go long.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
