NZD/USD Price Analysis: Kiwi sidelined near 2020 lows, trades below 0.6350 level


  • NZD/USD is consolidating losses near the 2020 lows. 
  • The level to beat for buyers is the 0.6360 resistance.
 

NZD/USD daily chart

 
Kiwi/Dollar is trading in a bear trend while rebounding modestly from the 2020 lows as the spot is below the main SMAs. However, USD weakness could lead to profit-taking and help the kiwi to rebound especially on a break above the 0.6360 level which could lead to a potential advance towards the 0.6380 and 0.6412 levels. Support is seen near the 0.6300 figure and the 0.6250 level. 
 

Additional key levels

NZD/USD

Overview
Today last price 0.6318
   
Today daily open 0.6339
 
Trends
Daily SMA20 0.6433
Daily SMA50 0.6555
Daily SMA100 0.6485
Daily SMA200 0.6494
 
Levels
Previous Daily High 0.6357
Previous Daily Low 0.6303
Previous Weekly High 0.6449
Previous Weekly Low 0.6303
Previous Monthly High 0.6741
Previous Monthly Low 0.6453
Daily Fibonacci 38.2% 0.6336
Daily Fibonacci 61.8% 0.6324
Daily Pivot Point S1 0.6309
Daily Pivot Point S2 0.6279
Daily Pivot Point S3 0.6255
Daily Pivot Point R1 0.6363
Daily Pivot Point R2 0.6387
Daily Pivot Point R3 0.6417

 

 

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