NZD/USD Technical Analysis: Continuing rough channel lower amidst frequent upswings


  • The Kiwi is seeing another intraday cyclical rebound from lows near 0.6750 in a repeat of Monday's market action that saw the NZD/USD lurch to 0.6815 before bedding back down as broader market action saw overall flows push out of and then back into the US Dollar.

NZD/USD Chart, 5-Minute

  • The past two weeks shows the Kiwi steadily cycling lower in large swings, marking out a rough channel that threatens to lose momentum from a lateral swing low at the 0.6750 level.

NZD/USD Chart, 30-Minute

  • The past two months have seen the NZD/USD pair recover from medium-term lows at the 0.6440 level, but the last move towards the upside appears to have run out of momentum as the Kiwi becomes entangled in the 50-period moving average at the 0.6800 handle.

NZD/USD, 4-Hour

NZD/USD

Overview:
    Today Last Price: 0.6778
    Today Daily change: -7.0 pips
    Today Daily change %: -0.103%
    Today Daily Open: 0.6785
Trends:
    Previous Daily SMA20: 0.674
    Previous Daily SMA50: 0.6632
    Previous Daily SMA100: 0.6659
    Previous Daily SMA200: 0.6877
Levels:
    Previous Daily High: 0.6818
    Previous Daily Low: 0.6756
    Previous Weekly High: 0.6876
    Previous Weekly Low: 0.6767
    Previous Monthly High: 0.663
    Previous Monthly Low: 0.6424
    Previous Daily Fibonacci 38.2%: 0.6779
    Previous Daily Fibonacci 61.8%: 0.6794
    Previous Daily Pivot Point S1: 0.6755
    Previous Daily Pivot Point S2: 0.6724
    Previous Daily Pivot Point S3: 0.6693
    Previous Daily Pivot Point R1: 0.6816
    Previous Daily Pivot Point R2: 0.6848
    Previous Daily Pivot Point R3: 0.6878

 

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