NZD/USD Price Analysis: Bounces from 0.56, eyes trendline hurdle

  • NZD/USD's 15-min chart shows a bullish indicator divergence. 
  • The pair could soon challenge key falling trendline hurdle. 

NZD/USD has bounced from session lows and looks set to challenge a descending trendline hurdle at 0.5671. 

The pair is currently trading at 0.5648, having hit a low of 0.5586 in early Asia. 

The recovery has confirmed a bullish divergence (higher low) of the relative strength index (RSI) on the 15-minute chart. Additionally, the indicator is reporting a symmetrical triangle breakout. 

As a result, further gains look likely. A break above the falling trendline resistance at 0.5671 would open the doors for 0.57. 

Alternatively, acceptance under 0.56 could bring in additional declines toward the recent low of 0.5469. 

15-min chart

Trend: Intraday bullish

Technical levels


Today last price 0.565
Today Daily Change -0.0059
Today Daily Change % -1.03
Today daily open 0.5709
Daily SMA20 0.616
Daily SMA50 0.6364
Daily SMA100 0.6446
Daily SMA200 0.6455
Previous Daily High 0.5882
Previous Daily Low 0.5608
Previous Weekly High 0.6151
Previous Weekly Low 0.547
Previous Monthly High 0.6504
Previous Monthly Low 0.6192
Daily Fibonacci 38.2% 0.5713
Daily Fibonacci 61.8% 0.5777
Daily Pivot Point S1 0.5584
Daily Pivot Point S2 0.5459
Daily Pivot Point S3 0.531
Daily Pivot Point R1 0.5858
Daily Pivot Point R2 0.6007
Daily Pivot Point R3 0.6132



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