News

NZD/USD Technical Analysis: buyers struggling to take 0.66

  • The Kiwi is looking for a foothold after last week's steep decline on withering market sentiment.
  • NZD bulls are hoping for a push higher, but the economic calendar is a thin showing for the Kiwi this week, with nothing on the docket until Thursday's PPI.
  • Middling action for this week sees indicators leaning into their midranges as market participants freeze in their tracks.

NZD/USD Chart, 15-Minute

Spot rate:  0.6577
Relative change: Negligible
High:  0.6582
Low: 0.6569
   
Trend: Sideways
   
Support 1: 0.6569 (current day low)
Support 2: 0.6557 (current week low)
Support 3: 0.6529 (S3 daily pivot)
   
Resistance 1: 0.6582 (current day high)
Resistance 2: 0.6684 (61.8% Fibo retracement level)
Resistance 3: 0.6762 (previous week high)

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.