NZD/USD Technical Analysis: Kiwi takes full advantage of the USD weakness

NZD/USD is 0.48% higher on Friday amid broad-based greenback weakness.
The RSI is overstretched but 0.68 looks to be the next resistance.

Rajan Dhall, MSTA FX Daily

NZD/USD Daily Chart

NZD/USD is pushing higher amid broad-based USD weakness today.

The protectionist trade continues to be unwound as the US and China head to sign the "phase one" deal.

The target on the upside is the 0.68 psychological level.

The 55 and 200 EMA moving averages look like they are about to cross to the upside too.

The RSI looks like it is in an extreme overbought position so a small pullback could occur.

NZD/USD Adittional Levels

NZD/USD

Overview
Today last price	0.6696
Today Daily Change	0.0024
Today Daily Change %	0.36
Today daily open	0.6672

Trends
Daily SMA20	0.6575
Daily SMA50	0.6465
Daily SMA100	0.6407
Daily SMA200	0.6525

Levels
Previous Daily High	0.6677
Previous Daily Low	0.6628
Previous Weekly High	0.6616
Previous Weekly Low	0.6554
Previous Monthly High	0.6466
Previous Monthly Low	0.6321
Daily Fibonacci 38.2%	0.6658
Daily Fibonacci 61.8%	0.6647
Daily Pivot Point S1	0.6641
Daily Pivot Point S2	0.661
Daily Pivot Point S3	0.6592
Daily Pivot Point R1	0.669
Daily Pivot Point R2	0.6708
Daily Pivot Point R3	0.6738

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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