NZD/USD Technical Analysis: bullish bias, eyes 0.68
|- The NZD/USD is currently trading at 0.6770, having clocked a low of 0.6754 earlier today.
- The pair has charted higher lows and higher highs pattern in the last 24 hours, adding credence to the falling channel witnessed yesterday.
- The stacking order of the 50-hour exponential moving average (EMA), above the 100-hour EMA, above the 200-hour EMA indicates the path of least resistance is on the higher side.
- The 14-hour relative strength index is also reporting bullish conditions above 50.00.
- The spot looks set to test the psychological hurdle of 0.68 in a day or two. The bullish setup would be invalidated if the spot dips below 0.6734, violating the higher low setup.
Hourly Chart
Trend: Bullish
NZD/USD
Overview:
Last Price: 0.677
Daily change: 13 pips
Daily change: 0.192%
Daily Open: 0.6757
Trends:
Daily SMA20: 0.6617
Daily SMA50: 0.6586
Daily SMA100: 0.6655
Daily SMA200: 0.6898
Levels:
Daily High: 0.6768
Daily Low: 0.6708
Weekly High: 0.682
Weekly Low: 0.6632
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6745
Daily Fibonacci 61.8%: 0.6731
Daily Pivot Point S1: 0.672
Daily Pivot Point S2: 0.6683
Daily Pivot Point S3: 0.6659
Daily Pivot Point R1: 0.6781
Daily Pivot Point R2: 0.6805
Daily Pivot Point R3: 0.6842
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