NZD/USD Technical Analysis: Bumping over descending trendline, bidders looking to hang on
The last twenty-four hours see the NZD/USD trading firmly into the high side, lifting into the 0.6650 zone as the US Dollar slumps across the broader FX space, and the Kiwi finds itself incredibly overextended above recent intraday highs.
NZD/USD, M15
Looking back over the past six weeks, the Kiwi has fully broken out of a wedge pattern, but still sees plenty of road left to travel before returning to September's 0.6700 critical level.
NZD/USD, H4
On the Daily candlesticks, the Kiwi has seen a break of a major descending trendline, but remains far below the 200-day moving average, and buyers will be looking to keep the NZD/USD propped up above the 50-day moving average near 0.6590.
NZD/USD, D1
NZD/USD
Overview:
Last Price: 0.6649
Daily change: -5.0 pips
Daily change: -0.0751%
Daily Open: 0.6654
Trends:
Daily SMA20: 0.6529
Daily SMA50: 0.6576
Daily SMA100: 0.667
Daily SMA200: 0.6924
Levels:
Daily High: 0.6664
Daily Low: 0.6514
Weekly High: 0.6612
Weekly Low: 0.6465
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6536
Daily Fibonacci 61.8%: 0.6549
Daily Pivot Point S1: 0.6496
Daily Pivot Point S2: 0.6476
Daily Pivot Point S3: 0.6438
Daily Pivot Point R1: 0.6555
Daily Pivot Point R2: 0.6592
Daily Pivot Point R3: 0.6613