NZD/USD chart - Trading View
NZD/USD was trading 0.04% lower on the day at 0.7154 at around 06:15 GMT, after Doji formation on Friday's candle.
The major edged higher from session lows after People’s Bank of China (PBOC) matched wide market forecasts and kept rates unchanged.
The central bank kept one-year and five-year loan prime rates (LPR) unchanged at 3.85%, 4.65% respectively.
Ongoing virus woes and vaccine jitters keep upside limited. Focus on Fed speeches during the week for impetus.
NZD/USD has been trading in a Rising Channel pattern and is on verge of breach of channel support.
Price action is consolidating below daily cloud and technical indicators keep scope for further weakness.
The pair is on track to test 110-EMA at 0.7064. Retrace above 200H MA will negate any bearish bias.


FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro : GBP/NZD strongly bearish despite upside attempts
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ CNY hits one-month low,scope for futher downside 



