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.

Flavio Tosti Independent Analyst

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

NZD/USD

Overview
Today last price	0.6458
Today Daily Change	-0.0015
Today Daily Change %	-0.23
Today daily open	0.6473

Trends
Daily SMA20	0.6568
Daily SMA50	0.659
Daily SMA100	0.647
Daily SMA200	0.6506

Levels
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

Author

Flavio Tosti

Independent Analyst

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