NZD/USD Asia Price Forecast: Kiwi pressuring the 2020 lows, trading sub-0.6500 figure

NZD/USD remains under heavy selling pressure near the 2020 lows.
The level to beat for sellers is the 0.6447 support.

Flavio Tosti Independent Analyst

NZD/USD daily chart

NZD/USD kept falling throughout January. It is now trading below the 50/200 simple moving averages (SMAs) while challenging the 100 SMA. The sellers are likely looking for an extension of the down move and a break of the 0.6447 support with a potential drop towards the 0.6427 and 0.6400 levels, according to the Technical Confluences Indicator. On the flip side, resistances are seen near the 0.6490, 0.6514 and 0.6535 price levels.

Resistance: 0.6490, 0.6514, 0.6535

Support: 0.6447, 0.6427, 0.6400

Additional key levels

NZD/USD

Overview
Today last price	0.6464
Today Daily Change	0.0000
Today Daily Change %	0.00
Today daily open	0.6464

Trends
Daily SMA20	0.6595
Daily SMA50	0.6587
Daily SMA100	0.6466
Daily SMA200	0.6509

Levels
Previous Daily High	0.6496
Previous Daily Low	0.6453
Previous Weekly High	0.661
Previous Weekly Low	0.6453
Previous Monthly High	0.6741
Previous Monthly Low	0.6453
Daily Fibonacci 38.2%	0.6469
Daily Fibonacci 61.8%	0.648
Daily Pivot Point S1	0.6446
Daily Pivot Point S2	0.6428
Daily Pivot Point S3	0.6403
Daily Pivot Point R1	0.6489
Daily Pivot Point R2	0.6514
Daily Pivot Point R3	0.6532

Author

Flavio Tosti

Independent Analyst

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