NZD/USD consolidates daily gains near 0.7130


  • NZD/USD is edging higher after posting small losses on Monday.
  • US Dollar Index stays in the red near 90.00.
  • Wall Street's main indexes look to renew all-time highs.

The NZD/USD pair closed the first day of the week slightly lower but gained traction on Tuesday as the greenback continues to have a difficult time finding demand as a safe-haven. As of writing, the pair was up 0.55% on a daily basis at 0.7136.

DXY retreats toward 90.00

In the absence of significant macroeconomic data releases and fundamental drivers, the market's risk perception remains the primary driver of major currency pairs' movements. 

Reflecting the upbeat market mood, US stock index futures gain between 0.4% and 0.5% on Tuesday, suggesting that Wall Street's main indices remain on track to notch new record highs at the opening bell. In the meantime, the US Dollar Index (DXY) is losing 0.35% at 90.03.

With the New Year holiday approaching, however, the trading action is likely to remain subdued in the remainder of the week.

Technical levels to watch for

NZD/USD

Overview
Today last price 0.7133
Today Daily Change 0.0032
Today Daily Change % 0.45
Today daily open 0.7101
 
Trends
Daily SMA20 0.7083
Daily SMA50 0.6917
Daily SMA100 0.6774
Daily SMA200 0.6532
 
Levels
Previous Daily High 0.7139
Previous Daily Low 0.7084
Previous Weekly High 0.7125
Previous Weekly Low 0.7002
Previous Monthly High 0.7052
Previous Monthly Low 0.6589
Daily Fibonacci 38.2% 0.7105
Daily Fibonacci 61.8% 0.7118
Daily Pivot Point S1 0.7077
Daily Pivot Point S2 0.7052
Daily Pivot Point S3 0.7021
Daily Pivot Point R1 0.7132
Daily Pivot Point R2 0.7164
Daily Pivot Point R3 0.7188

 

 

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