NZD/USD Price Analysis: Kiwi is bouncing from 2020 lows, trades above 0.6400 figure


  • NZD/USD is easing down after bouncing from 2020 lows.
  • Resistance is seen near the 0.6443 level. 
 

NZD/USD daily chart

 
After bouncing from fresh 2020 lows, NZD/USD is easing below the 100 SMA. Bears want to extend losses below the 0.6423 level and route toward 0.6400 and 0.6370, according to the Technical Confluences Indicator. However, bulls will try to generate a reversal up breaking above the 0.6443 0.6470 and the 0.6500 figure. 
  
 
Resistance: 0.6443, 0.6470, 0.6500
Support: 0.6423, 0.6400, 0.6370
 
 

Additional key levels

NZD/USD

Overview
Today last price 0.6433
Today Daily Change -0.0009
Today Daily Change % -0.14
Today daily open 0.6442
 
Trends
Daily SMA20 0.6508
Daily SMA50 0.6582
Daily SMA100 0.6478
Daily SMA200 0.6501
 
Levels
Previous Daily High 0.647
Previous Daily Low 0.6428
Previous Weekly High 0.6504
Previous Weekly Low 0.6397
Previous Monthly High 0.6741
Previous Monthly Low 0.6453
Daily Fibonacci 38.2% 0.6444
Daily Fibonacci 61.8% 0.6454
Daily Pivot Point S1 0.6423
Daily Pivot Point S2 0.6404
Daily Pivot Point S3 0.638
Daily Pivot Point R1 0.6465
Daily Pivot Point R2 0.6489
Daily Pivot Point R3 0.6508

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD meets fresh demand and rises toward  1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data

USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data

USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday. 

USD/JPY News

Gold closes below key $2,318 support, US GDP holds the key

Gold closes below key $2,318 support, US GDP holds the key

Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.

Gold News

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. 

Read more

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures