NZD/USD chart on Trading View used for analysis
- NZD/USD pauses upside at 200-DMA, bias remains bullish.
- Momentum studies are bullish, with nice convergence on RSI and Stochs.
- MACD and DMI also support upside in the pair. Scope for further upside on break above 200-DMA.
- On the weekly charts, price has broken above 55-EMA and Bollinger Bands are widening suggesting rise in volatility.
- Next immediate resistance above 200-DMA lies at 50% Fib at 0.69 ahead of 0.6979 (110W EMA) and 0.6989 (200W SMA).
- Rejection at 200-DMA could see drag till 20-DMA. Break below cloud negates bullish bias.
Support levels - 0.6811 (38.2% Fib), 0.6706 (Nov 12, 13 low), 0.6689 (20-DMA)
Resistance levels - 0.69 (50% Fib), 0.6979 (110W EMA), 0.6989 (200W SMA)
Recommendation: Stay long on break above 200-DMA, SL: 0.6830, TP: 0.69/ 0.6980
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
China's Refining Industry Faces Major Shakeup Amid Challenges
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
US Gas Market Poised for Supercycle: Bernstein Analysts
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted 



