FxWirePro: NZD/USD rejected just shy of 0.69 barrier, US data in focus

• Commodity-currencies higher across the board, NZD/USD spikes to hit fresh 4-month highs
  
  
• Earlier today, the pair found renewed support after ANZ Consumer Confidence Index rose 3.7% in Oct to 114.9 points from 110.8 in Sept
  
  
• But price action was rejected just shy of 0.69 barrier and the pair edged lower to currently trade at 0.6854
  
  
• Daily momentum is positive, 10 & 30-DMAs are positively aligned, meaning the underlying bias remains on the upside
  
  
• Diverging 30-day bolli-bands highlights the increase in volatility, immediate resistance  is located at 0.6897 (Session High Oct 15), while support lies at 0.6788 (Session Low Oct 15)
  
  
• Due ahead are US CPI inflation and jobless claims data, which will be keenly watched for cues
  
  

Resistance Levels:

R1: 0.6897 (Session High Oct 15)

R2: 0.6916 (Daily High Jun 26)

R3: 0.6924 (Daily High Jun 25)

Support Levels:

S1: 0.6788 (Session Low Oct 15)

S2: 0.6769 (30-Day Upper Bollinger)

S3: 0.6757 (Hourly Low Oct 14)