- Flat, thin Friday markets leave the Kiwi firmly-planted in Thursday’s inside day range.
- Japan’s Friday holiday sees Friday lacking regular volumes, and while action may be volatile, directional momentum will largely be a non-starter.
The NZD/USD remains hung up near the 0.6800 technical level as Friday’s early session sees restrained volumes and hesitant markets.
With Japan dark for their Labor Thanksgiving day for Friday, the Pacific market session is going to see limited cash flows, and a notable lack of momentum will be the hallmark of a thin Friday.
The economic calendar is equally clear for the Kiwi, and the next round of data will be mid-tier quarterly New Zealand Retail Sales slated for the early Monday session, dropping Sunday at 21:45 GMT.
NZD/USD Technical Levels
NZD/USD
Overview:
Last Price: 0.6811
Daily change: -5.0 pips
Daily change: -0.0734%
Daily Open: 0.6816
Trends:
Daily SMA20: 0.6714
Daily SMA50: 0.6623
Daily SMA100: 0.666
Daily SMA200: 0.6884
Levels:
Daily High: 0.6836
Daily Low: 0.6789
Weekly High: 0.6884
Weekly Low: 0.6706
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6807
Daily Fibonacci 61.8%: 0.6818
Daily Pivot Point S1: 0.6791
Daily Pivot Point S2: 0.6766
Daily Pivot Point S3: 0.6744
Daily Pivot Point R1: 0.6838
Daily Pivot Point R2: 0.6861
Daily Pivot Point R3: 0.6886
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