NZD/USD chart - Trading View
NZD/USD was trading 0.92% lower on the day at 0.6049 at around 06:00 GMT.
The pair retreats from 4-week high, breaks below 5-DMA, scope for further downside.
US dollar is seen recovering some lost ground following Tuesday’s sharp sell-off, weighing on the pair.
NZD/USD has failed to extend break above 0.61 handle, bears eye 21-EMA support at 0.6020, break below will see further downside.
Speculation of a global recession and further deterioration of fundamentals on account of the COVID-19 pandemic keeps risk assets on check.
Technical studies are poised for bearish reversal. Stochs are on verge of rollover from overbought levels.
Major trend as evidenced by GMMA indicator is bearish. Minor trend is turning neutral. Break below 200H MA will confirm further weakness.
Support levels - 0.6020 (21-EMA), 0.60 (200H MA), 0.5936 (20-DMA)
Resistance levels - 0.6145 (55-EMA), 0.6241 (Cloud base), 0.6264 (61.8% Fib)


Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: GBP/USD slides toward critical support market reassesses UK political transition
2025 Market Outlook: Key January Events to Watch
US Gas Market Poised for Supercycle: Bernstein Analysts
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro: GBP/AUD steadies around 0.9145 ,retains bid tone
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3350level
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro- Major Crypto levels and bias summary
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



