NZD/USD Asia Price Forecast: Kiwi at a stone’s throw from 2020 lows

  • NZD/USD is under bearish pressure as sellers are nearing the 2020 lows. 
  • The level to beat for bears is the 0.6447 support.

NZD/USD daily chart

NZD/USD fell sharply throughout the first month of 2020. It is now trading below the main simple moving average (SMAs) as bears are looking for a break below the 0.6447 support. Potential targets on the way down can be seen near 0.6427 and 0.6400 price levels, according to the Technical Confluences Indicator. On the flip side, resistances are seen near the 0.6490, 0.6514 and 0.6535 price levels. 
Resistance: 0.6490, 0.6514, 0.6535
Support: 0.6447, 0.6427, 0.6400

Additional key levels


Today last price 0.6458
Today Daily Change -0.0015
Today Daily Change % -0.23
Today daily open 0.6473
Daily SMA20 0.6568
Daily SMA50 0.659
Daily SMA100 0.647
Daily SMA200 0.6506
Previous Daily High 0.6504
Previous Daily Low 0.6469
Previous Weekly High 0.661
Previous Weekly Low 0.6453
Previous Monthly High 0.6741
Previous Monthly Low 0.6453
Daily Fibonacci 38.2% 0.6482
Daily Fibonacci 61.8% 0.6491
Daily Pivot Point S1 0.646
Daily Pivot Point S2 0.6447
Daily Pivot Point S3 0.6425
Daily Pivot Point R1 0.6495
Daily Pivot Point R2 0.6517
Daily Pivot Point R3 0.653



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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

GBP/USD retreats from new highs amid dollar strength

GBP/USD has fallen off the peak of 1.3719, the highest since 2018, amid fresh dollar strength. Optimism about the UK's vaccine campaign and lower cases boosted sterling earlier. The greenback awaiting Biden's first moves as President. 


EUR/USD falls toward 1.21 ahead of Biden´s inauguration

EUR/USD has been descending toward 1.21. President-elect Biden is inaugurated later in the day and hopes of stimulus are high after Treasury Secretary nominee Yellen's testimony. 


Gold: Bulls recapture 200-DMA ahead of Biden's inauguration

Gold prices are attempting to correct higher above 200-DMA. The metal cheers rising US inflation expectations amid hopes of a massive stimulus package under the incoming Biden administration. 

Gold news

Bitcoin Price Prediction: Shaking a tree always makes the ripe fruit fall

BTC price is moving away from the historical high and seeks support at the 23.6% level of the Fibonacci retracement system from the entire previous rally.

Read more

US Dollar Index: Upside target remains at 91.00

DXY met buyers in the 90.30 region earlier on Wednesday and now resumes the upside to the 90.50/55 band.

US Dollar Index News