- Monday's Doji candle indicates indecision in the NZD/USD market.
- A close above Doji's high is needed to confirm a bullish reversal.
NZD/USD has picked up a bid in Asia. As of writing, the currency pair is trading at 0.6365, representing 0.26% gains on the day.
The Kiwi Dollar created a Doji candle on the 50-day moving average (MA) support on Monday, signaling indecision and marking an end of the pullback from the Oct. 22 high of 0.6436.
The Doji candle would be validated and the outlook would again turn bullish if the spot closes Tuesday above Monday's high of 0.6360. A bullish daily close could yield rise to the 100-day MA, currently at 0.6468.
Meanwhile, a close below Monday's low of 0.6334 would imply a resumption of the sell-off fro the recent high of 006436 and yield a drop to 0.6241.
|Today last price||0.6365|
|Today Daily Change||0.0016|
|Today Daily Change %||0.24|
|Today daily open||0.6348|
|Previous Daily High||0.6361|
|Previous Daily Low||0.6333|
|Previous Weekly High||0.6437|
|Previous Weekly Low||0.6347|
|Previous Monthly High||0.6452|
|Previous Monthly Low||0.6249|
|Daily Fibonacci 38.2%||0.6344|
|Daily Fibonacci 61.8%||0.635|
|Daily Pivot Point S1||0.6334|
|Daily Pivot Point S2||0.6319|
|Daily Pivot Point S3||0.6306|
|Daily Pivot Point R1||0.6362|
|Daily Pivot Point R2||0.6375|
|Daily Pivot Point R3||0.639|
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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.