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NZD/USD chart on Trading View used for analysis
- NZD/USD slips further from 5-month high at 0.6883 hit on Friday's trade.
- The pair is struggling at stiff resistance at 200-DMA, further upside only on break above.
- We see some overbought pressures on momentum indicators which suggests possibility of pullbacks.
- Immediate support lies at 5-DMA at 0.6820, break below to see dip till 110-EMA at 0.6709.
- On the upside, breakout at 200-DMA to see test of 61.8% Fib at 0.7050.
Support levels - 0.6820 (5-DMA), 0.6709 (110-EMA)
Resistance levels - 0.6888 (200-DMA), 0.7050 (61.8% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
