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NZD/USD Technical Analysis: Kiwi sidelined near 0.6740 ahead of RBNZ

NZD/USD daily chart

  • NZD/USD is trading between the 100 and 200-day simple moving average (SMAs).
  • The Reserve Bank of New Zealand (RBNZ) will release its interest rate decision and monetary policy statement at 1.00 GMT. This can lead to high volatility in the NZD/USD currency pair.

NZD/USD 4-hour chart

  • NZD/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

NZD/USD 30-minute chart

  • NZD/USD is trading below its 200 SMA suggesting bearish momentum in the short-term.
  • Bears have to break below 0.6710 in order to travel towards 0.6645 and 0.6600 support.
  • On the flip side, if bulls break 0.6775 they can drive the market all the way up to 0.6900 figure.

Additional key levels

NZD/USD

Overview:
    Today Last Price: 0.6737
    Today Daily change: 2 pips
    Today Daily change %: 0.03%
    Today Daily Open: 0.6735
Trends:
    Daily SMA20: 0.6809
    Daily SMA50: 0.6795
    Daily SMA100: 0.6725
    Daily SMA200: 0.6756
Levels:
    Previous Daily High: 0.6774
    Previous Daily Low: 0.6726
    Previous Weekly High: 0.6907
    Previous Weekly Low: 0.6729
    Previous Monthly High: 0.694
    Previous Monthly Low: 0.6516
    Daily Fibonacci 38.2%: 0.6744
    Daily Fibonacci 61.8%: 0.6756
    Daily Pivot Point S1: 0.6716
    Daily Pivot Point S2: 0.6697
    Daily Pivot Point S3: 0.6668
    Daily Pivot Point R1: 0.6764
    Daily Pivot Point R2: 0.6793
    Daily Pivot Point R3: 0.6812

 

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