NZD/USD Technical Analysis: kicks higher alongside the Aussie

The Kiwi kicked into 0.6575 after the Aussie employment data saw a volatility spike in the AUssie drag the NZD/USD along as the Antipodeans see a brief spark of life.
Data is thin this week for the NZD and the Kiwi-Dollar pairing is at the mercy of broader market sentiment.
The NZD is testing into 30-month lows as the US Dollar climbs atop the G20 currency pile.

Joshua Gibson FXStreet

NZD/USD Chart, 15-Minute

Spot rate:	0.6575
Relative change:	0.27%
High:	0.6582
Low:	0.6554

Trend:	Sideways to bearish

Support 1:	0.6554 (current day low)
Support 2:	0.6543 (previous week low; major technical bottom)
Support 3:	0.6500 (major technical level)

Resistance 1:	0.6609 (current week high)
Resistance 2:	0.6678 (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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