- The NZD/USD pair is looking south, having breached trendline connecting the Oct. 26 and Oct. 31 lows earlier this week.
- The pair’s failure to capitalize on the bull breakout, as seen in the 4-hour chart, also indicates scope for a deeper pullback.
- The relative strength index (RSI) on the 4-hour chart is also biased bearish below 50.00. Further, Kiwi has dipped below the 100-candle moving average (MA), having breached the 50-candle MA on Dec. 11. As a result, NZD/USD risks falling to 0.6780 (200-hour MA) in the next day or two.
4-hour chart
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Trend: bearish
NZD/USD
Overview:
Today Last Price: 0.6846
Today Daily change: -12 pips
Today Daily change %: -0.175%
Today Daily Open: 0.6858
Trends:
Previous Daily SMA20: 0.6852
Previous Daily SMA50: 0.6692
Previous Daily SMA100: 0.6669
Previous Daily SMA200: 0.6852
Levels:
Previous Daily High: 0.6901
Previous Daily Low: 0.6825
Previous Weekly High: 0.697
Previous Weekly Low: 0.6846
Previous Monthly High: 0.6887
Previous Monthly Low: 0.6514
Previous Daily Fibonacci 38.2%: 0.6854
Previous Daily Fibonacci 61.8%: 0.6872
Previous Daily Pivot Point S1: 0.6822
Previous Daily Pivot Point S2: 0.6785
Previous Daily Pivot Point S3: 0.6745
Previous Daily Pivot Point R1: 0.6898
Previous Daily Pivot Point R2: 0.6938
Previous Daily Pivot Point R3: 0.6974
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