NZD/USD Technical Analysis: buyers struggling to take 0.66

The Kiwi is looking for a foothold after last week's steep decline on withering market sentiment.
NZD bulls are hoping for a push higher, but the economic calendar is a thin showing for the Kiwi this week, with nothing on the docket until Thursday's PPI.
Middling action for this week sees indicators leaning into their midranges as market participants freeze in their tracks.

Joshua Gibson FXStreet

NZD/USD Chart, 15-Minute

Spot rate:	0.6577
Relative change:	Negligible
High:	0.6582
Low:	0.6569

Trend:	Sideways

Support 1:	0.6569 (current day low)
Support 2:	0.6557 (current week low)
Support 3:	0.6529 (S3 daily pivot)

Resistance 1:	0.6582 (current day high)
Resistance 2:	0.6684 (61.8% Fibo retracement level)
Resistance 3:	0.6762 (previous week high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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