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.

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

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

EUR/USD nears daily lows as risk turns off

Global economic slowdown, Brexit stalemate, and dovish central banks are taking their toll on the financial world, with equities giving up, and the dollar taking advantage of it.

EUR/USD News

GBP/USD slips from the highs amid concerns about Brexit, global economy

GBP/USD trades in the mid 1.3000s, off the highs.,The clock is ticking towards Brexit and worries about the global economy also weigh. US data came out below expectations. 

GBP/USD News