NZD/USD technical analysis: Range bound above 200-HMA


  • NZD/USD bounces off one-week low while following near-term trading range.
  • 200-HMA adds to the support before highlighting 50% Fibonacci retracement level.

Following its drop to the lowest in a week, NZD/USD bounces back above 0.6400 level while following immediate trading range on early Friday.

The pair can now confront 23.6% Fibonacci retracement of its rise since September 03, at 0.6410. However, 0.6430 and the range resistance around 0.6445 could question further upside.

In a case prices rally beyond 0.6445, 50-day exponential moving average (EMA) around 0.6470 and May month lows near 0.6485 may please buyers.

On the downside break of 0.6395 support, 200-hour simple moving average (SMA), at 0.6390, becomes the key as declines below the same can drag the pair to 50% Fibonacci retracement level of 0.6360.

NZD/USD hourly chart

Trend: sideways

additional important levels

Overview
Today last price 0.6405
Today Daily Change 0.0000
Today Daily Change % 0.00%
Today daily open 0.6405
 
Trends
Daily SMA20 0.638
Daily SMA50 0.6515
Daily SMA100 0.6554
Daily SMA200 0.6673
Levels
Previous Daily High 0.6452
Previous Daily Low 0.6399
Previous Weekly High 0.6444
Previous Weekly Low 0.6269
Previous Monthly High 0.659
Previous Monthly Low 0.6283
Daily Fibonacci 38.2% 0.6419
Daily Fibonacci 61.8% 0.6432
Daily Pivot Point S1 0.6386
Daily Pivot Point S2 0.6366
Daily Pivot Point S3 0.6332
Daily Pivot Point R1 0.6439
Daily Pivot Point R2 0.6472
Daily Pivot Point R3 0.6492

 

 

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