NZD/USD Price Analysis: Kiwi extends losses in fresh 2020 lows

NZD/USD is under heavy selling pressure as the spot is printing fresh 2020 lows.
The level to beat for bears is the 0.6389 support.

Flavio Tosti Independent Analyst

NZD/USD daily chart

NZD/USD is printing fresh 2020 lows as sellers are challenging the 0.6389 support. As the spot is under heavy selling pressure a break below the above-mentioned level could lead to extra losses towards the 0.6367 and 0.6354 price levels on the way down, according to the Technical Confluences Indicator. Resistances are seen near the 0.6400, 0.6425 and 0.6440 price levels.

Resistance: 0.6400, 0.6425, 0.6440

Support: 0.6387, 0.6367, 0.6354

Additional key levels

NZD/USD

Overview
Today last price	0.6385
Today Daily Change	-0.0016
Today Daily Change %	-0.25
Today daily open	0.6401

Trends
Daily SMA20	0.6549
Daily SMA50	0.659
Daily SMA100	0.6473
Daily SMA200	0.6504

Levels
Previous Daily High	0.6465
Previous Daily Low	0.6397
Previous Weekly High	0.6504
Previous Weekly Low	0.6397
Previous Monthly High	0.6741
Previous Monthly Low	0.6453
Daily Fibonacci 38.2%	0.6423
Daily Fibonacci 61.8%	0.6439
Daily Pivot Point S1	0.6377
Daily Pivot Point S2	0.6353
Daily Pivot Point S3	0.6309
Daily Pivot Point R1	0.6445
Daily Pivot Point R2	0.6489
Daily Pivot Point R3	0.6513

Author

Flavio Tosti

Independent Analyst

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