NZD/USD Technical Analysis: Bulls keep an eye over 0.6920 resistanceline

NZD/USD is on bids around 0.6890 during early Friday.
The quote took a U-turn from nine-month-old descending trend-line on Thursday but is still above previous resistance turned support figure of 0.6860, making it capable of aiming a break over 0.6890 for one more time.
In doing so, 0.6940 and 0.6970 can please buyers ahead of challenging them with 0.7000 round-figure.
If at all Kiwi optimists surpass 0.7000 mark, 0.7060 can be their next target.
Meanwhile, a downside break of 0.6860 might not hesitate visiting 0.6825 and 61.8% Fibonacci retracement of June – October decline, at 0.6815, but 100-day simple moving average (SMA) level of 0.6800 could limit further south-run.
During the pair’s extended downturn past-0.6800, 0.6790 and 0.6770 can entertain sellers ahead of highlighting the 0.6740-35 support confluence that comprises 200-day SMA, five-month-old ascending trend-line and 50% Fibonacci retracement.
Assuming the pair’s slid under 0.6735, bears can recall 0.6705 and 0.6650 on the chart.

Anil Panchal FXStreet

NZD/USD daily chart

Additional important levels

Overview
Today last price	0.6886
Today Daily Change	9 pips
Today Daily Change %	0.13
Today daily open	0.6877

Trends
Daily SMA20	0.6835
Daily SMA50	0.6823
Daily SMA100	0.6805
Daily SMA200	0.6738

Levels
Previous Daily High	0.6939
Previous Daily Low	0.6857
Previous Weekly High	0.6874
Previous Weekly Low	0.679
Previous Monthly High	0.6943
Previous Monthly Low	0.6719
Daily Fibonacci 38.2%	0.6888
Daily Fibonacci 61.8%	0.6908
Daily Pivot Point S1	0.6843
Daily Pivot Point S2	0.6809
Daily Pivot Point S3	0.6761
Daily Pivot Point R1	0.6925
Daily Pivot Point R2	0.6973
Daily Pivot Point R3	0.7007

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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