- NZD/USD has broken strong trendline support at 0.6835 on Friday's trade and is currently trading at 0.6858.
- The pair is extending declines after upside was capped by channel top at 0.7045, has slipped below 5&10 day moving averages.
- Downside finds minor support at 0.6835 levels, breaks below will see test of 0.6780 levels.
- On the upside 0.69 is immediate resistance ahead of 0.6918 (5-DMA) and the 0.6926 (10-DMA).
- Technicals are biased lower. Markets wary ahead of major central bank decisions due in the week.
- NZ economic data that has been better than expected in both the housing market and CPI that had been weakening the case for an April OCR cut.
- This week's US FOMC meeting could set the tone for USD/Asia. No change is expected, but if the Fed continues to signal a dovish stance, then Asian asset markets can rally.
Recommendation: Short NZD/USD on breaks below 0.6835, SL: 0.6870, TP: 0.6780


FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/USD biased higher but rally currently stretched
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Crypto levels and bias summary
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 



