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NZD/USD technical analysis: Kiwi is under pressure near 0.6500 figure ahead of NZ Retail Sales

  • The New Zealand Retail Sales for the first quarter (QoQ) will be published at 22:45 GMT this Tuesday. 
  • A worse-than-expected reading can keep the pressure on the NZD/USD currency pair.

NZD/USD daily chart

NZD/USD is trading in a steep bear trend below the 0.6600 handle and its main simple moving averages (SMAs). The market is reaching levels not seen since November 2018.

NZD/USD 4-hour chart

NZD/USD is trading below its main SMAs suggesting a bearish bias in the medium term.

NZD/USD 30-minute chart

NZD/USD is trading in a bear trend below its main SMAs. A break below 0.6500 figure can open the gates to 0.6480 and 0.6450 level. On the way up, resistance is expected at 0.6520 and 0.6547 level. 

Additional key levels

NZD/USD

Overview
Today last price0.6506
Today Daily Change-0.0034
Today Daily Change %-0.52
Today daily open0.654
 
Trends
Daily SMA200.6602
Daily SMA500.6717
Daily SMA1000.676
Daily SMA2000.6717
Levels
Previous Daily High0.6547
Previous Daily Low0.652
Previous Weekly High0.6604
Previous Weekly Low0.6513
Previous Monthly High0.6838
Previous Monthly Low0.658
Daily Fibonacci 38.2%0.6537
Daily Fibonacci 61.8%0.653
Daily Pivot Point S10.6524
Daily Pivot Point S20.6509
Daily Pivot Point S30.6497
Daily Pivot Point R10.6551
Daily Pivot Point R20.6563
Daily Pivot Point R30.6578

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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