NZD/USD chart - Trading View
NZD/USD was trading 0.73% lower on the day at 0.6961 at around 10:10 GMT, outlook bearish.
Aggressive selling around NZD/USD on Tuesday amid broad-based US dollar strength and rising risk-off.
US dollar boosted on surging US Treasury yields after the Fed last week hinted that it will soon taper its asset purchases.
On the other side, China Evergrande Group's unsolved debt crisis, intensifying energy crisis in Europe and China along with poor China's industrial profits data keep sentiment weak.
Market participants now look forward to Fed Chair Jerome Powell's testimony before the Senate Banking Committee.
On the data front, Conference Board's Consumer Confidence Index and the US bond yields, will also influence the USD price dynamics.
Technicals for the pair support more downside. Price action has slipped below 55-week EMA support at 0.6971.
Break below has raised scope for test of 0.6864 (110-week EMA) ahead of 0.6765 (channel base).


NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro- Woodies pivot (Major)
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 



