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NZD/USD Technical Analysis: Kiwi runs into 0.6800 resistance as the RBNZ leaves rates on hold

  • NZD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart. 
  • NZD/USD found resistance near the 0.6800 resistance after the RBNZ (Reserve Bank of New Zealand) left interest rates unchanged at 1.75%. While the trend is bullish the bulls might have overextended themselves with technical indicators in oversold conditions. 
  • Supports to the downside can be seen near 0.6750 and 0.6700 figure. 

NZD/USD 4-hour chart

NZD/USD

Overview:
    Last Price: 0.6784
    Daily change: 1.1e+2 pips
    Daily change: 1.71%
    Daily Open: 0.667
Trends:
    Daily SMA20: 0.656
    Daily SMA50: 0.6574
    Daily SMA100: 0.6662
    Daily SMA200: 0.6913
Levels:
    Daily High: 0.6684
    Daily Low: 0.6646
    Weekly High: 0.669
    Weekly Low: 0.6513
    Monthly High: 0.663
    Monthly Low: 0.6424
    Daily Fibonacci 38.2%: 0.667
    Daily Fibonacci 61.8%: 0.6661
    Daily Pivot Point S1: 0.6649
    Daily Pivot Point S2: 0.6628
    Daily Pivot Point S3: 0.6611
    Daily Pivot Point R1: 0.6688
    Daily Pivot Point R2: 0.6705
    Daily Pivot Point R3: 0.6726

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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