NZD/USD chart on Trading View used for analysis
- NZD/USD opened with a bullish gap in the Asian session, but upside struggling to gather traction.
- Positive Sino-U.S. trade headlines and Trump's jawbonning the US dollar supported the pair higher.
- NZD/USD is currently hovering around 0.68 handle at 0640 GMT, bias neutral.
- The pair finds strong support at 55-EMA and upside remains capped at 5-DMA which is sharply lower.
- Break below 55-EMA targets trendline support at 0.6785 ahead of 200-DMA at 0.6749.
- Technical studies do not provide a clear directional bias, focus on NFP for impetus.
Support levels - 0.6802 (55-EMA), 0.6785 (trendline), 0.6749 (200-DMA)
Resistance levels - 0.6819 (20-DMA), 0.6828 (5-DMA), 0.6890 (trendline)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
