- NZD/USD recovery lacks traction, pair fails to hold gains above 5-DMA.
- We see strong support at 0.6818 (May 11 lows), break below will see further downside.
- Technical studies are bearish, momentum with the bears, MACD supports downtrend.
- We notice -ve DMI dominance and ADX is above 25 levels and biased higher.
- Technical studies on weekly charts are also heavily bearish, which suggests continuation of downside.
Support levels - 0.6818 (May 11 lows), 0.68, 0.6716 (61.8% Fib retrace of 0.61968 to 0.7558 rally), 0.67
Resistance levels - 0.6870 (5-DMA), 0.69, 0.7038 (38.2% Fib), 0.7042 (20-DMA)
Call update: Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-consolidates-break-below-070-handle-bias-lower-good-to-short-rallies-963553) has hit all targets.
Recommendation: Watch out for break below 0.6818 to go short, target 0.68/ 0.6750/ 0.6720/ 0.67
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: USD/CAD eases slightly but trend is still bullish
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro- Major Pair levels and bias summary
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: USD/ZAR extends decline, scope for further downside
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro : EUR/NZD gains upside momentum but still bearish
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout 



