NZD/USD chart - Trading View
NZD/USD grinds lower after 'Shooting Star' formation in the previous week dents upside.
The major was trading 0.25% lower on the day at 0.6042 at around 10:00 GMT after closing 1.12% lower on Friday's trade.
Price action has erased early losses and had retraced back from session lows at 0.6008.
Kiwi garnered bids as S&P affirmed New Zealand's AA Ratings with outlook – Positive.
Analysis of GMMA indicator shows major trend has been bearish, while minor uptrend has faltered at 55-EMA resistance.
Technical indicators are turning bearish. RSI has slipped below 50 and Stochs are on verge of rollover from near-overbought levels.
Price action hovers around 21-EMA at 0.6035, decisive close below will drag prices lower. Breach below daily cloud will confirm downside resumption.
On the flipside, breakout above 55-EMA required for upside continuation. Next hurdle on the upside lies at 61.8% Fib at 0.6264.


Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Urban studies: Doing research when every city is different
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: GBP/NZD edges higher but bearish outlook persists
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downside pressure builds, key support level in focus
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed 



