NZD/USD breaks above 110-EMA on hourly charts, after taking 50-DMA support on Monday's trade.
Renewed risk-on sentiment supporting the Kiwi as also upbeat Chinese industrial profits data.
CB Consumer Confidence index from the US, later during NA trading session in focus for clues on further direction.
Major support levels - 0.73, 0.7231 (50-DMA), 0.7220 (Sept 26 low), 0.72, 0.7197 (cloud top)
Major resistance levels - 0.7311 (20-DMA), 0.7369 (Sept 22 high), 0.7380 (Aug 26 high)
Good to long dips around 0.7310/15, SL: 0.7270, TP: 0.7365/ 0.7380
Renewed risk-on sentiment supporting the Kiwi as also upbeat Chinese industrial profits data.
CB Consumer Confidence index from the US, later during NA trading session in focus for clues on further direction.
Major support levels - 0.73, 0.7231 (50-DMA), 0.7220 (Sept 26 low), 0.72, 0.7197 (cloud top)
Major resistance levels - 0.7311 (20-DMA), 0.7369 (Sept 22 high), 0.7380 (Aug 26 high)
Good to long dips around 0.7310/15, SL: 0.7270, TP: 0.7365/ 0.7380