- NZD/USD in statsis as daily chart shows uptrend fatigue.
- A pullback to widely-followed SMA support may be seen.
NZD/USD is currently trading in a sideways manner near 0.6975, having faced rejection at the psychological hurdle of 0.70 on Tuesday.
The 14-day relative strength index is reporting overbought conditions with an above-70 print. The MACD histogram is producing smaller bars above the zero line in a sign of weakening of the upward momentum.
As such, the pair could pull back to the 10-day Simple Moving Average (SMA), currently at 0.6910. A close below the average would neutralize the immediate bullish view.
On the higher side, 0.70 is the level to beat for the bulls.
|Today last price||0.6976|
|Today Daily Change||-0.0002|
|Today Daily Change %||-0.03|
|Today daily open||0.6978|
|Previous Daily High||0.7005|
|Previous Daily Low||0.6917|
|Previous Weekly High||0.6952|
|Previous Weekly Low||0.6841|
|Previous Monthly High||0.6726|
|Previous Monthly Low||0.6546|
|Daily Fibonacci 38.2%||0.6971|
|Daily Fibonacci 61.8%||0.6951|
|Daily Pivot Point S1||0.6928|
|Daily Pivot Point S2||0.6879|
|Daily Pivot Point S3||0.684|
|Daily Pivot Point R1||0.7016|
|Daily Pivot Point R2||0.7055|
|Daily Pivot Point R3||0.7104|
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