NZD/USD chart - Trading View
NZD/USD was trading 0.47% higher on the day at 0.7174 at around 08:10 GMT, outlook is bullish.
The pair has resumed upside after a brief pause on Friday's trade and is set to test daily cloud.
Data released earlier on Monday showed New Zealand’s Business NZ PSI data crossed upwardly revised 49.7 prior readings with 52.4 figures for March.
Technical studies support upside in the pair. Price action has edged above 20W MA and is on track to test daily cloud.
Decisive break above daily cloud will fuel further gains. On the flip side, 5-DMA is immediate support at 0.7135. Breach below 110-EMA negates any upside bias.
Mounting Covid woes in the key regional players like India, Indonesia and the Philippines are likely to keep gains limited.
Focus on the risk catalysts for fresh impulse ahead of tomorrow’s monetary policy meeting by the People’s Bank of China (PBOC).


FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro- Major Pair levels and bias summary
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro- Woodies pivot (Major)
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend? 



