NZD/USD Technical Analysis: Kiwi still sifting into two year lows

The Kiwi is slumping back into consolidation lows into the 0.6700 technical barrier as bears keep a firm grip on the NZD/USD.
The NZD could head into further lows for 2018 if market sentiment doesn't recover enough to allow the pair to springboard off of two-year lows.

Joshua Gibson FXStreet

NZD/USD Chart, 15-Minute

Spot rate:	0.6733
Relative change:	0.06%
High:	0.6735
Low:	0.6723

Trend:	Bearish

Support 1:	0.6723 (current day low)
Support 2:	0.6719 (previous week low)
Support 3:	0.6686 (July low)

Resistance 1:	0.6754 (current week high)
Resistance 2:	0.6790 (61.8% Fibo retracement level)
Resistance 3:	0.6834 (previous week high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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