NZD/USD technical analysis: Bounces off 200-bar EMA, 38.2% Fibo.

  • NZD/USD recovers from multi-day low amid a U-turn in oversold RSI.
  • 23.6% Fibonacci retracement seems to be the immediate resistance to watch.

Having failed to slip beneath the key support confluence, NZD/USD recovers to 0.6355 during early Monday.

The quote now has to clear 23.6% Fibonacci retracement of current month upside, at 0.6385 to extend the pullback towards monthly top near 0.6440.

In a case where prices keep being strong above 0.6440, September month high of 0.6452 will be the key to follow.

On the downside, pair’s sustained declines below 0.6350/45 support-confluence including 200-bar Exponential Moving Average (EMA) and 38.2% Fibonacci retracement could recall sellers targeting 0.6320 and 0.6300 rest-points.

Though, the pair’s extended downturn beneath 0.6300 seems to pave the way for 0.6240 support.

It’s worth noting that the 14-bar Relative Strength Index (RSI) is near to oversold territory and favors the pair’s gradual recovery.

NZD/USD 4-hour chart

Trend: pullback expected

additional important levels

Today last price 0.6355
Today Daily Change 6 pips
Today Daily Change % 0.09%
Today daily open 0.6349
Daily SMA20 0.6325
Daily SMA50 0.6343
Daily SMA100 0.6474
Daily SMA200 0.6603
Previous Daily High 0.6388
Previous Daily Low 0.6347
Previous Weekly High 0.6437
Previous Weekly Low 0.6347
Previous Monthly High 0.6452
Previous Monthly Low 0.6249
Daily Fibonacci 38.2% 0.6363
Daily Fibonacci 61.8% 0.6373
Daily Pivot Point S1 0.6335
Daily Pivot Point S2 0.632
Daily Pivot Point S3 0.6293
Daily Pivot Point R1 0.6376
Daily Pivot Point R2 0.6403
Daily Pivot Point R3 0.6418



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

Latest Forex News

Editors’ Picks

EUR/USD turns down as Trump touts trade hopes, after Lagarde's debut

EUR/USD is trading below 1.1130 after President Trump tweeted that the US is getting close to deal with China. Earlier, the ECB left rates unchanged and President Lagarde acknowledged the recent upturn.


GBP/USD retreats further from nine-month highs, nears 1.3100

GBP/USD has extended its decline amid renewed EUR demand within ECB’s monetary policy announcement. UK elections weigh as polls show a further narrowing in Conservatives’ advantage.


Federal Reserve leaves rates unchanged, is undecided about the future

The Federal Reserve kept interest rates steady and the governors indicated that they expected little change in the economy or Fed policy for the next year.

Read more

Gold soars with ECB, retakes 1,480.00

The bright metal hit a fresh weekly high at 1,483 as dismal US data and ECB’s monetary policy announcement added pressure on a vulnerable dollar. Spot gold at critical Fibonacci resistance.

Gold News

USD/JPY: Greenback jumps to four-day highs as trade tension ease

USD/JPY broke above the 109.00 handle as Trump is upbeat on the trade deal. Resistance is seen at the 109.26 and 109.43 price levels.