• NZD/USD grinds higher at weekly top, up for the fourth consecutive day.
  • Monthly peak, 61.8% Fibonacci retracement add to the upside filters.
  • Pullback remains elusive beyond 50-DMA, MACD favors buyers.

NZD/USD remains on the front foot around 0.6900 while printing a four-day winning streak during Friday’s Asian session.

In doing so, the Kiwi pair justifies the early-week bounce off the 50-DMA, as well as the following run-up beyond the 100-DMA, amid bullish MACD signals.

However, the 200-DMA level of 0.6915 challenges the NZD/USD bulls of late.

Also acting as the key upside hurdle is the monthly peak and 61.8% Fibonacci retracement (Fibo.) of October 2021 to January 2022 downside, respectively around 0.6930 and 0.6955.

Meanwhile, pullback moves may aim for the 50% Fibo. surrounding 0.6870 before dropping back to the 100-DMA level of 0.6810.

It should be noted, however, that an upward sloping trend line from late January and the 50-DMA, respectively around 0.6750 and 0.6730, will challenge the NZD/USD bears afterward.

In a case where the quote drops below 0.6730, it becomes vulnerable to test 2022 low near 0.6530.

NZD/USD: Daily chart

Trend: Further upside expected

Additional important levels

Overview
Today last price 0.6893
Today Daily Change 0.0011
Today Daily Change % 0.16%
Today daily open 0.6882
 
Trends
Daily SMA20 0.6786
Daily SMA50 0.6731
Daily SMA100 0.6813
Daily SMA200 0.6916
 
Levels
Previous Daily High 0.69
Previous Daily Low 0.6823
Previous Weekly High 0.6926
Previous Weekly Low 0.6796
Previous Monthly High 0.681
Previous Monthly Low 0.6565
Daily Fibonacci 38.2% 0.6871
Daily Fibonacci 61.8% 0.6852
Daily Pivot Point S1 0.6837
Daily Pivot Point S2 0.6791
Daily Pivot Point S3 0.676
Daily Pivot Point R1 0.6914
Daily Pivot Point R2 0.6945
Daily Pivot Point R3 0.6991

 

 

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