NZD/USD Technical Analysis: 0.6845 resistance again comes into play

The NZD/USD pair again heads to two-week-old trend-line resistance, at 0.6845 now, during early Thursday.
Should the pair manage to cross 0.6845, the horizontal line connecting late-January highs to early February lows, at 0.6870, may gain buyers’ attention.
During the additional upside past-0.6870, 0.6900 and the month’s high near 0.6945 can be targeted if holding long positions.
In case prices fail to hold recent recovery, 0.6785 and 0.6770 can provide nearby supports ahead of highlighting the 61.8% Fibonacci Retracement level of 0.6720 and the 0.6705 horizontal support.
If bears continue dominating price sentiments past-0.6705, 0.6670 and 0.6650 might offer intermediate halts during the plunge to 0.6620 and then to 0.6585.

Anil Panchal FXStreet

NZD/USD 4-Hour chart

Additional important levels:

Overview:
    Today Last Price: 0.6832
    Today Daily change: 37 pips
    Today Daily change %: 0.54%
    Today Daily Open: 0.6795
Trends:
    Daily SMA20: 0.6806
    Daily SMA50: 0.679
    Daily SMA100: 0.6727
    Daily SMA200: 0.6754
Levels:
    Previous Daily High: 0.6853
    Previous Daily Low: 0.6727
    Previous Weekly High: 0.6907
    Previous Weekly Low: 0.6729
    Previous Monthly High: 0.694
    Previous Monthly Low: 0.6516
    Daily Fibonacci 38.2%: 0.6805
    Daily Fibonacci 61.8%: 0.6775
    Daily Pivot Point S1: 0.673
    Daily Pivot Point S2: 0.6665
    Daily Pivot Point S3: 0.6604
    Daily Pivot Point R1: 0.6856
    Daily Pivot Point R2: 0.6918
    Daily Pivot Point R3: 0.6982

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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