NZD/USD Technical Analysis: chipping away at the 200-HMA hurdle
|The NZD/USD pair is struggling to clear the 200-hour moving average (HMA) hurdle, having rallied more than 150 pips in the last six days.
Hourly chart
- As seen above, the pair has charted bullish-higher lows and higher highs pattern. The 50-hour MA is trending north in favor of the bulls, having cut the 100-hour MA from below (bullish crossover). The pair is still having a tough time the 200-HMA in a convincing manner. As of writing, that HMA is located at 0.6755.
- Notably, the outlook remains bearish while the pair is trading below 0.68.
4-hour chart
- On the 4-hour chart, the pair is still trading in bearish territory below 0.68 - neckline of the head-and-shoulders pattern.
- NZD/USD has also charted a bearish-lower high and lower low pattern. Further, 50-, 100-, and 200-candle MAs are sloping downwards in favor of the bears.
Trend: bearish
NZD/USD
Overview:
Today Last Price: 0.6753
Today Daily change: -1.0 pips
Today Daily change %: -0.0148%
Today Daily Open: 0.6754
Trends:
Previous Daily SMA20: 0.676
Previous Daily SMA50: 0.6775
Previous Daily SMA100: 0.6679
Previous Daily SMA200: 0.6806
Levels:
Previous Daily High: 0.6768
Previous Daily Low: 0.6728
Previous Weekly High: 0.6843
Previous Weekly Low: 0.6516
Previous Monthly High: 0.697
Previous Monthly Low: 0.6686
Previous Daily Fibonacci 38.2%: 0.6753
Previous Daily Fibonacci 61.8%: 0.6743
Previous Daily Pivot Point S1: 0.6732
Previous Daily Pivot Point S2: 0.671
Previous Daily Pivot Point S3: 0.6692
Previous Daily Pivot Point R1: 0.6772
Previous Daily Pivot Point R2: 0.679
Previous Daily Pivot Point R3: 0.6812
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