NZD/USD chart - Trading View
NZD/USD is extending weakness for the 3rd straight session, trades 0.25% lower at 0.5946 at around 05:45 GMT.
Recovery in the pair seems to have faltered as price action was rejected at 21-EMA.
Major trend in the pair has been bearish as evidenced by the GMMA indicator, and intraday bias is turning bearish.
The pair finds strong support at 200H MA at 0.5867. Break below will drag the pair lower.
Antipodeans are under pressure amid fears of worsening coronavirus pandemic. Kiwi ignores upbeat China Caxin PMI data.
Focus on US ADP Employment and Manufacturing PMI data due later today for fresh impulse.
Data Watch:
US ADP Employment Change (Mar) - 12:15 GMT - Forecast: -154K, Prior: 183K
US Markit manufacturing PMI (Mar) - 13:45 GMT - Forecast: 49.2, Prior: 49.2
US ISM Manufacturing Employment Index (Mar) - 14:00 GMT - Forecast: 45.4, Prior: 46.9
US ISM Manufacturing PMI (Mar) - 14:00 GMT - Forecast: 45, Prior: 50.1
Support levels - 0.5865 (200H MA), 0.5827 (Tenkan sen), 0.5772 (23.6% Fib)
Resistance levels - 0.5983 (5-DMA), 0.6011 (21-EMA), 0.6112 (50% Fib)
Guidance: Good to stay short on break below 200H MA (0.5865), SL: 06010, TP: 0.5830/ 0.5775/ 0.57


FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro: USD/CAD downside pressure builds, key support level in focus
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro- Major US Indices
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro- Major European Indices
Bank of America Posts Strong Q4 2024 Results, Shares Rise
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Wall Street Analysts Weigh in on Latest NFP Data 



