NZD/USD heading lower in early Thursday action, ticking into 0.6880
|- Kiwi faltering further, down into weekly lows as risk aversion remains taut.
- It's been a quiet week for the NZD on the economic calendar, leaving the Kiwi exposed to sentiment flows.
NZD/USD is trading into 0.6880 as risk appetite continues to take a header as risk appetite retreats further in Thursday's early Asian market session, fueled by an unexpected contraction in Australia's Trade Balance.
The Antipodeans are continuing to spiral downwards for Thursday after Australia's Trade Balance clocked in a $600 million decline in their balance of trade, though the headline figure is getting skewed more by a surge in Exports, which grew by 3%, while Imports remained steady at 1%, but the red readings were enough to send the Pacific trading window onto the back foot, and the Kiwi is following suite with its closest neighbor, slipping back into last week's highs after falling away from this week's peak at 0.6970.
The NZD/USD pair is now trading into the 50-period moving average on 4-Hour candles, a confluence support level with mid-November's swing high of 0.6885.
NZD/USD Technical Levels
NZD/USD
Overview:
Today Last Price: 0.6884
Today Daily change: -10 pips
Today Daily change %: -0.145%
Today Daily Open: 0.6894
Trends:
Previous Daily SMA20: 0.6823
Previous Daily SMA50: 0.6665
Previous Daily SMA100: 0.6665
Previous Daily SMA200: 0.6861
Levels:
Previous Daily High: 0.6945
Previous Daily Low: 0.6889
Previous Weekly High: 0.6887
Previous Weekly Low: 0.6753
Previous Monthly High: 0.6887
Previous Monthly Low: 0.6514
Previous Daily Fibonacci 38.2%: 0.6911
Previous Daily Fibonacci 61.8%: 0.6924
Previous Daily Pivot Point S1: 0.6874
Previous Daily Pivot Point S2: 0.6854
Previous Daily Pivot Point S3: 0.6819
Previous Daily Pivot Point R1: 0.693
Previous Daily Pivot Point R2: 0.6965
Previous Daily Pivot Point R3: 0.6985
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