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NZD/USD Technical Analysis: offered near bearish 50-hour MA

  • NZD/USD's repeated failure to beat the downward sloping 50-hour MA reinforces the immediate bearish setup, as represented by the lower highs and lower lows, head-and-shoulders breakdown and by the negative crossover between the 50- and 200-hour MAs. 
  • The pair risks falling to the previous day's low of 0.6728. 
  • The bearish view would be aborted if the overnight high of 0.6787 is scaled. As of writing, the pair is trading at 0.6760. 

Hourly chart

Trend: bearish

NZD/USD

Overview:
    Today Last Price: 0.6761
    Today Daily change: -6 pips
    Today Daily change %: -0.103%
    Today Daily Open: 0.6768
Trends:
    Daily SMA20: 0.6745
    Daily SMA50: 0.6797
    Daily SMA100: 0.6687
    Daily SMA200: 0.6786
Levels:
    Previous Daily High: 0.6787
    Previous Daily Low: 0.6727
    Previous Weekly High: 0.6845
    Previous Weekly Low: 0.6707
    Previous Monthly High: 0.697
    Previous Monthly Low: 0.6686
    Daily Fibonacci 38.2%: 0.675
    Daily Fibonacci 61.8%: 0.6764
    Daily Pivot Point S1: 0.6735
    Daily Pivot Point S2: 0.6701
    Daily Pivot Point S3: 0.6675
    Daily Pivot Point R1: 0.6795
    Daily Pivot Point R2: 0.6821
    Daily Pivot Point R3: 0.6855

 

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