NZD/USD Technical Analysis: Registers another pullback from 100-day EMA


  • NZD/USD fails to cross 0.6427/30 resistance confluence.
  • A two-month-old rising channel portrays overall bullish sentiment.

NZD/USD again steps back from 100-day EMA, accompanied by 38.2% Fibonacci retracement, while taking rounds to 0.6420 during early Wednesday.

The quote can now aim for 0.6360 during further declines while 23.6% Fibonacci retracement of July-October downpour and the lower line of an ascending trend channel since late-September, around 0.6340 and 0.6320 respectively, could entertain sellers afterward.

If at all bears dominate below 0.6320, mid-October low near 0.6240 and 0.6200 round-figure, including the previous month bottom, will be in the spotlight.

On the contrary, the pair’s sustained break above 0.6430 enables it to challenge the monthly tops near 0.6470. Though, 50% Fibonacci retracement and the resistance of the aforementioned channel could challenges buyers near 0.6500/05.

Adding to the upside barriers is the 200-day Exponential Moving Average (EMA) level of 0.6423.

NZD/USD daily chart

Trend: Pullback expected

additional important levels

Overview
Today last price 0.6423
Today Daily Change -5 pips
Today Daily Change % -0.08%
Today daily open 0.6428
 
Trends
Daily SMA20 0.6382
Daily SMA50 0.6345
Daily SMA100 0.6436
Daily SMA200 0.6566
 
Levels
Previous Daily High 0.6431
Previous Daily Low 0.6362
Previous Weekly High 0.642
Previous Weekly Low 0.6324
Previous Monthly High 0.6437
Previous Monthly Low 0.6204
Daily Fibonacci 38.2% 0.6404
Daily Fibonacci 61.8% 0.6388
Daily Pivot Point S1 0.6383
Daily Pivot Point S2 0.6337
Daily Pivot Point S3 0.6313
Daily Pivot Point R1 0.6452
Daily Pivot Point R2 0.6476
Daily Pivot Point R3 0.6522

 

 

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