- NZD/USD is extending gains above daily cloud, is trading 0.14% higher on the day.
- Upside seems to find minor resistance at 0.7354 levels, price has retreated from highs and is currently trading at 0.7335 levels.
- Technical studies support upside, RSI on dailies is holding above 50 levels and Stochs are biased higher.
- We see a bullish crossover of MACD line on signal line which adds to the bullish bias.
- Break out at daily could has raised scope for test of 0.7435 (trendline) ahead of 0.7558 (July 27 high).
- Immediate support is seen at 5-DMA at 0.7299, break below could see minor weakness.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-finds-stiff-resistance-at-07255-good-to-go-long-above-07265-1185213) has hit all targets.
Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-holds-above-5-DMA-at-07286-cloud-break-out-could-see-further-upside-1198241) is progressing well.
Recommendation: Hold for targets.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Crypto levels and bias summary
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2 



