NZD/USD Technical Analysis: 0.6700 back in focus now


NZD/USD daily chart

  • The NZD/USD pair trades around 0.6730 at the start of Tuesday’s Asian trading.
  • The 100-day simple moving average (SMA) near 0.6720 can offer immediate support to the pair’s decline prior to highlighting the 0.6700 round-figure.
  • However, an upward sloping trend-line connecting lows since October 2018, at 0.6660 now, could limit the pair’s downside past 0.6700.
  • On the upside, the 0.6775 and the 61.8% Fibonacci Retracement of its June-October downturn, at 0.6815, seem crucial resistances to watch.

NZD/USD 4-Hour chart

  • While 100-day SMA offers immediate support on D1, the H4 chart clearly portrays the importance of 0.6705-0.6700 support area connecting the lows marked in January 08 and 22.
  • Should the pair drops under 0.6700, the 0.6670 and 0.6620 may offer additional supports other than 0.6660 conveyed on daily chart.

NZD/USD hourly chart

  • On H1, prices can avail 0.6725 as adjacent rest before slipping to 0.6710 level including 61.8% Fibonacci expansion of its recent slump.
  • Meanwhile, the 0.6740 and the descending trend-line figure of 0.6770 can restrict the pair’s nearby upside.

Additional Important Levels:

Overview: 
    Today Last Price: 0.6732
    Today Daily change: -17 pips
    Today Daily change %: -0.25%
    Today Daily Open: 0.6749
Trends:
    Daily SMA20: 0.6813
    Daily SMA50: 0.6799
    Daily SMA100: 0.6724
    Daily SMA200: 0.6757
Levels:
    Previous Daily High: 0.6767
    Previous Daily Low: 0.6729
    Previous Weekly High: 0.6907
    Previous Weekly Low: 0.6729
    Previous Monthly High: 0.694
    Previous Monthly Low: 0.6516
    Daily Fibonacci 38.2%: 0.6744
    Daily Fibonacci 61.8%: 0.6752
    Daily Pivot Point S1: 0.673
    Daily Pivot Point S2: 0.671
    Daily Pivot Point S3: 0.6692
    Daily Pivot Point R1: 0.6768
    Daily Pivot Point R2: 0.6786
    Daily Pivot Point R3: 0.6806

 

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