NZD/USD technical analysis: Buyers will look for entry beyond 0.6445


  • NZD/USD registers another bounce off 21-day EMA while staying below four-day-old horizontal resistance.
  • Bullish MACD favors pair’s upside to 38.2% Fibonacci retracement, 50-day EMA.

With the majority of Antipodeans on their run-up, NZD/USD isn’t bucking the trend as it takes another U-turn from 21-day exponential moving average (EMA) while taking the bids to 0.6430 on early Thursday.

Even so, the pair is left to cross immediate horizontal resistance around 0.6445 in order to justify its strength to challenge 38.2% Fibonacci retracement of July-September south-run near 0.6470. Although, 50-day EMA level close to 0.6480 could question buyers then after.

Supporting the upside momentum is a bullish signal from 12-day moving average convergence and divergence (MACD) indicator. As a result, pair’s rise past-0.6480 could cross 0.6500 round-figure to aim for 50% Fibonacci retracement level of 0.6532.

Meanwhile, pair’s declines below 21-day EMA level of 0.6410 could quickly fetch the quote to 23.6% Fibonacci retracement level of 0.6395 and then towards month-start high surrounding 0.6320.

NZD/USD daily chart

Trend: bullish

additional important levels

Overview
Today last price 0.6428
Today Daily Change 16 pips
Today Daily Change % 0.25%
Today daily open 0.6412
 
Trends
Daily SMA20 0.6382
Daily SMA50 0.6521
Daily SMA100 0.6556
Daily SMA200 0.6676
Levels
Previous Daily High 0.644
Previous Daily Low 0.6407
Previous Weekly High 0.6444
Previous Weekly Low 0.6269
Previous Monthly High 0.659
Previous Monthly Low 0.6283
Daily Fibonacci 38.2% 0.6419
Daily Fibonacci 61.8% 0.6427
Daily Pivot Point S1 0.6399
Daily Pivot Point S2 0.6387
Daily Pivot Point S3 0.6367
Daily Pivot Point R1 0.6432
Daily Pivot Point R2 0.6452
Daily Pivot Point R3 0.6465

 

 

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