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FxWirePro: NZD/USD consolidates above 61.8% Fib, bias bullish

NZD/USD chart - Trading View 

NZD/USD is consolidating break above 61.8% Fib, technical bias remains bullish.

The pair is extending gains after breaking major resistances - 200-DMA, cloud and trendline.

Technical indicators support further upside in the pair. Scope for test of 78.6% Fib at 0.6840.

Oscillators have approached overbought conditions, but no signs of reversal seen.

Price action has broken above 55W-EMA and is on track for further upside.

Major moving averages are biased higher and MACD and ADX support gains.

Support levels - 0.6764 (61.8% Fib), 0.6742 (5-DMA), 0.6717 (200-DMA)

Resistance levels - 0.68, 0.6840 (78.6% Fib), 0.6856 (110W-EMA)

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

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 817031817031m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817031817031m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 828851828851m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 817031817031m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 828851828851m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 817031817031m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817031817031m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817031817031m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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