NZD/USD Technical Analysis: Remains vulnerable below 0.6700 mark/multi-month lows

   •  The pair's overnight attempted bounce quickly ran out of steam near the very important 200-day SMA, with bears now eyeing a retest of 3-1/2 month lows set in the previous session.

   •  Given the recent bearish break through a near three-month-old ascending trend-line, the price action now seems to suggest that the near-term selling pressure might still be far from over. 

   •  Bearish oscillators on daily/4-hourly charts add credence to the negative outlook, though slightly oversold conditions on the 1-hourly chart might help limit further losses, at least for now.

   •  Hence, it would be prudent to wait for a minor pullback/some consolidation before traders start positioning aggressively for an extension of the near-term depreciating move.

NZD/USD daily chart


Today last price 0.6684
Today Daily Change -0.0043
Today Daily Change % -0.64
Today daily open 0.6727
Daily SMA20 0.6789
Daily SMA50 0.6809
Daily SMA100 0.6807
Daily SMA200 0.6733
Previous Daily High 0.6776
Previous Daily Low 0.6667
Previous Weekly High 0.6783
Previous Weekly Low 0.6713
Previous Monthly High 0.6939
Previous Monthly Low 0.6744
Daily Fibonacci 38.2% 0.6709
Daily Fibonacci 61.8% 0.6734
Daily Pivot Point S1 0.6671
Daily Pivot Point S2 0.6614
Daily Pivot Point S3 0.6562
Daily Pivot Point R1 0.678
Daily Pivot Point R2 0.6832
Daily Pivot Point R3 0.6889



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