NZD/USD Technical Analysis: trapped below 0.66

The Kiwi hit into a multi-year low to open up the week before bouncing to close Monday's opening gap.
Broader market sentiment remains firmly in the risk-off camp despite the NZD's minor bounce for the day.
Changes in overall market sentiment are set to be the determining factor across the FX space as all of the charts heave in unison to match moves in the USD.

Joshua Gibson FXStreet

NZD/USD Chart, 15-Minutes

Spot rate:	0.6852
Relative change:	0.18%
High:	0.6593
Low:	0.6558

Trend:	Bearish

Support 1:	0.6558 (current low; 2018 technical bottom)
Support 2:	0.6507 (S3 daily pivot)
Support 3:	0.6445 (February 2016 low)

Resistance 1:	0.6593 (current high)
Resistance 2:	0.6684 (61.8% Fibo retracement level)
Resistance 3:	0.6762 (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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