- NZD/USD grinds higher after break above 5-DMA, but upside is struggling to break above 50-DMA.
- The pair is trading a narrow range, with a daily high of 0.7334 and low of 0.7318.
- Technical indicators are slightly bullish. Stochs have rolled from oversold levels.
- Election uncertainty could act as a cap on NZD strength over the next few weeks.
- Daily cloud offers strong support on the downside, we see weakness only on break below.
- Decisive break above 50-DMA currently at 0.7330 could see test of 20-DMA at 0.7374.
- On the flipside, break below 5-DMA at 0.7310 could see drag till 0.72 handle.
Support levels - 0.7310 (5-DMA), 0.7277 (cloud top), 0.7250 (trendline)
Resistance levels - 0.7330 (50-DMA), 0.7374 (20-DMA), 0.7383 (23.6% Fib of 0.6817 to 0.7558 rally)
Recommendation: Good to go long on decisive break above 50-DMA, SL: 0.73, TP: 0.7375/ 0.74/ 0.7430
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: USD/ZAR gains some ground, but downtrend remains
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro: NZD/USD retreats as Middle East instability weighs
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report 



