NZD/USD chart - Trading View
NZD/USD is extending upside above 200-DMA, bias is bullish.
Kiwi remains supported after New Zealand CPI data came inline with expectations.
Technical studies support upside. Oscillators are approaching overbought levels, but no signs of reversal yet.
RSI is well above 50 and shows strength in the uptrend. Momentum with the bulls. Stochastics RSI is showing a rollover from oversold levels.
Break above 200-DMA has opened up upside for the pair. Next bull target lies at 61.8% Fib at 0.6764.
200-DMA is now strong support at 0.6713. Retrace below could see weakness.
Support levels - 0.6713 (200-DMA), 0.6689 (5-DMA), 0.6656 (38.2% Fib)
Resistance levels - 0.6757 (Upper BB), 0.6764 (61.8% Fib), 0.6782 (Apr 15 high)
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