NZD/USD technical analysis: Kiwi leaps above 0.6540 on dovish Fed

The Fed leaves its overnight rate unchanged in the 2.25-2.5% range.
The news was seen as bearish for the US Dollar across the board.

Flavio Tosti Independent Analyst

The message of the Fed was dovish with hints of cutting rates. The NZD/USD broke above the 0.6540 resistance as the market is trading above its main simple moving averages (SMAs). A daily close above 0.6540 can lead to a continuation up towards 0.6580 and 0.6610 resistances. Immediate support is at 0.6540 and 0.6520.

NZD/USD 30-minute chart

Additional key levels

NZD/USD

Overview
Today last price	0.6559
Today Daily Change	0.0030
Today Daily Change %	0.46
Today daily open	0.6529

Trends
Daily SMA20	0.6559
Daily SMA50	0.6605
Daily SMA100	0.6715
Daily SMA200	0.671

Levels
Previous Daily High	0.6538
Previous Daily Low	0.649
Previous Weekly High	0.6666
Previous Weekly Low	0.6487
Previous Monthly High	0.6684
Previous Monthly Low	0.6481
Daily Fibonacci 38.2%	0.652
Daily Fibonacci 61.8%	0.6508
Daily Pivot Point S1	0.65
Daily Pivot Point S2	0.6471
Daily Pivot Point S3	0.6452
Daily Pivot Point R1	0.6548
Daily Pivot Point R2	0.6567
Daily Pivot Point R3	0.6596

Author

Flavio Tosti

Independent Analyst

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