NZD/USD Technical Analysis: Kiwi sidelined near 0.6740 ahead of RBNZ

Flavio Tosti Independent Analyst

NZD/USD daily chart

NZD/USD is trading between the 100 and 200-day simple moving average (SMAs).
The Reserve Bank of New Zealand (RBNZ) will release its interest rate decision and monetary policy statement at 1.00 GMT. This can lead to high volatility in the NZD/USD currency pair.

NZD/USD 4-hour chart

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

NZD/USD 30-minute chart

NZD/USD is trading below its 200 SMA suggesting bearish momentum in the short-term.
Bears have to break below 0.6710 in order to travel towards 0.6645 and 0.6600 support.
On the flip side, if bulls break 0.6775 they can drive the market all the way up to 0.6900 figure.

Additional key levels

NZD/USD

Overview:
    Today Last Price: 0.6737
    Today Daily change: 2 pips
    Today Daily change %: 0.03%
    Today Daily Open: 0.6735
Trends:
    Daily SMA20: 0.6809
    Daily SMA50: 0.6795
    Daily SMA100: 0.6725
    Daily SMA200: 0.6756
Levels:
    Previous Daily High: 0.6774
    Previous Daily Low: 0.6726
    Previous Weekly High: 0.6907
    Previous Weekly Low: 0.6729
    Previous Monthly High: 0.694
    Previous Monthly Low: 0.6516
    Daily Fibonacci 38.2%: 0.6744
    Daily Fibonacci 61.8%: 0.6756
    Daily Pivot Point S1: 0.6716
    Daily Pivot Point S2: 0.6697
    Daily Pivot Point S3: 0.6668
    Daily Pivot Point R1: 0.6764
    Daily Pivot Point R2: 0.6793
    Daily Pivot Point R3: 0.6812

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.