NZD/USD chart - Trading View
NZD/USD was trading rangebound at 0.5946 at around 09:15 GMT, bias bearish.
The major is consolidating break below daily cloud, scope for further weakness.
Analysis of GMMA indicator shows major and minor trend are strongly bearish.
Volatility is rising as evidenced by widening Bollinger bands. 'Bearish divergence' adds to downside bias.
Recovery is capped at daily cloud. Bearish 5-DMA crossover on 20-DMA to drag prices lower.
The pair is extending break below 50-DMA. Next immediate support lies at 38.2% Fib at 0.5906 ahead of 50% Fib at 0.5822.
Retrace above 50-DMA and daily cloud will negate any bearish bias.


FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro:EUR/NZD gains some upside momentum but still bearish
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



