FxWirePro: NZD/USD on track to test 61.8% Fib, broad-based US dollar weakness supports

NZD/USD chart - Trading View 

NZD/USD resumes upside, trades 0.15% higher on the day at 0.6741 at 05:30 GMT.

Broad-based US dollar weakness amid sluggish housing market data and Fed's Beige Book which stoked fears emanating from the US-China trade standoff keeps scope for upside.

Technically, 200-DMA breakout has opened up further upside for the pair. Volatility is also rising on the daily charts.

Momentum studies are bullish and RSI shows strength in the uptrend at 63 levels.

55W EMA is offering strong resistance at 0.6748. Break above will see upside gains traction.

200-DMA is now strong support at 0.6715. Retrace below could see some consolidation.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.