FxWirePro: USD/JPY slips below 109 handle as Japan looks set to extend and expand the state of emergency
FxWirePro: NZD/USD extends previous session's gains, on track to test daily cloud
NZD/USD chart - Trading View
NZD/USD was trading 0.59% higher on the day at 0.7215 at around 08:45 GMT.
People’s Bank of China (PBOC) has maintained the one-year loan prime rate (LPR) at 3.85% for the 12th straight month at its April fixing.
Meanwhile, The Chinese central bank also left the five-year LPR unchanged at 4.65% in April. The decision was inline with market expectations.
The pair is extending previous session's gains and bias remains bullish. Bulls eyes daily cloud at 0.7241.
Momentum studies support upside, Stochs and RSI are biased higher and RSI is well above the 50 mark.
MACD and ADX support gains in the pair. Volatility is high and rising as evidenced by widening Bollinger bands.
Price action is consolidating above monthly cloud and decisive break above 200-month MA will fuel further gains.