NZD/USD Technical Analysis: Kiwi bears looking at 0.6890 ahead of RBNZ

Flavio Tosti Independent Analyst

NZD/USD daily

NZD/USD is trading in a bull trend above its main simple moving averages (SMAs).
The Reserve Bank of New Zealand (RBNZ) will release its interest rate decision at 1.00 am GMT this Wednesday. The event can lead to high volatilty on NZD-related pairs.

NZD/USD 4-hour chart

NZD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

NZD/USD 30-minute chart

NZD/USD is trading between its 50 and 100 SMA suggesting a consolidation in the short-term.
0.6920 is a strong resistance. If breached 0.6970 comes into play.
Looking down, 0.6890 and 0.6860 are seen as immediate supports following the RBNZ.

Additional key levels

NZD/USD

Overview
Today last price	0.6908
Today Daily Change	0.0000
Today Daily Change %	0.00
Today daily open	0.6908

Trends
Daily SMA20	0.6838
Daily SMA50	0.6826
Daily SMA100	0.681
Daily SMA200	0.6737

Levels
Previous Daily High	0.6919
Previous Daily Low	0.6871
Previous Weekly High	0.6939
Previous Weekly Low	0.6827
Previous Monthly High	0.6943
Previous Monthly Low	0.6719
Daily Fibonacci 38.2%	0.6901
Daily Fibonacci 61.8%	0.6889
Daily Pivot Point S1	0.688
Daily Pivot Point S2	0.6851
Daily Pivot Point S3	0.6832
Daily Pivot Point R1	0.6928
Daily Pivot Point R2	0.6947
Daily Pivot Point R3	0.6976

Author

Flavio Tosti

Independent Analyst

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