FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR retreats but trend is still bullish 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: AUD/USD dips after RBA Governor speech 
NZD/USD chart - Trading View
Spot Analysis:
NZD/USD was trading 0.12% higher on the day at 0.7102 at around 09:15 GMT
Previous Week's High/ Low: 0.7158/ 0.7075
Previous Session's High/ Low: 0.7150/ 0.7082
Fundamental Overview:
Downbeat China economic data released earlier today weighed on the antipodeans, dragging the pair lower.
China’s industrial production grew a lower-than-expected 5.3% year-on-year, while fixed-asset investment grew 8.9% year-on-year, in August. Retail sales grew 2.5% year on year.
Broad-based US dollar weakness helped limit losses in the pair. NZD/USD reversed from session lows at 0.7073 and was trading above 0.71 handle.
Less-than-expected rise in US inflation last month created uncertainty about the timing of the Federal Reserve's tapering of asset purchases.
Investors now look to the Fed’s latest policy decision, due to be handed down next week, for further timeline clues.
Technical Analysis:
- Price action was rejected at channel top and has slipped below 200-DMA
- Downside has held support at daily cloud, breach below will drag the pair lower
- Momentum is bullish, Stochs and RSI are biased higher
- GMMA shows minor trend is bullish, while major trend is turning bullish
Major Support and Resistance Levels:
Support - 0.7058 (21-EMA), Resistance - 0.7115 (200-DMA)
Summary: NZD/USD is trading with a bullish bias, but is struggling at some stiff resistance at 200-DMA and channel top. Decisive break above will fuel further gains. Focus on New Zealand GDP data and FOMC meet for impetus.
