NZD/USD Technical Analysis: trapped below 0.66
|- The Kiwi hit into a multi-year low to open up the week before bouncing to close Monday's opening gap.
- Broader market sentiment remains firmly in the risk-off camp despite the NZD's minor bounce for the day.
- Changes in overall market sentiment are set to be the determining factor across the FX space as all of the charts heave in unison to match moves in the USD.
| Spot rate: | 0.6852 |
| Relative change: | 0.18% |
| High: | 0.6593 |
| Low: | 0.6558 |
| Trend: | Bearish |
| Support 1: | 0.6558 (current low; 2018 technical bottom) |
| Support 2: | 0.6507 (S3 daily pivot) |
| Support 3: | 0.6445 (February 2016 low) |
| Resistance 1: | 0.6593 (current high) |
| Resistance 2: | 0.6684 (61.8% Fibo retracement level) |
| Resistance 3: | 0.6762 (previous week high) |
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