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FxWirePro: NZD/USD extends recovery from new 7-month lows at 0.6481, break above 1H 200-SMA to see further upside

NZD/USD chart - Trading View 

NZD/USD is extending recovery from new 7-month lows at 0.6481, trades 0.18% higher on the day at 0.6530 at 07:15 GMT.

Antipodeans better bid on the day on improved risk sentiment and weaker USD amid poor U.S. data.

U.S. Manufacturing PMI fell 2 points to 50.6 which was the lowest level since 2009 while US Services PMI fell 2.1pts to 50.9, a three-year low. 

Further, U.S. new home sales lost -6.9% in April while US jobless claims offered some solace for the greenback, coming at 211k last week. 

NZD/USD trades with a major bearish bias. Scope for further downside after 'Death Cross' formation on daily charts.

Price action has tested 88.6% Fib, break below will see dip till 0.6475 (major trendline support) ahead of 0.6424 (Oct 8th low).

Bullish divergence on RSI and Stochs keep intraday bias slightly bullish. 

Price action hovers shy of 1H 200-SMA at 0.6534. Break above will see gains till 21-EMA at 0.6576.

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 815905815905m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 815905815905m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 827725827725m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 815905815905m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 827725827725m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 815905815905m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 815905815905m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 815905815905m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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