Home NZD/USD Technical Analysis: hits 5.5-week highs, eyes bullish close above 0.6849
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NZD/USD Technical Analysis: hits 5.5-week highs, eyes bullish close above 0.6849

  • The NZD/USD is currently trading at 0.6854, having clocked a high of 0.6858 a few minutes ago –  a level last seen on Dec. 19.  
  • The currency pair closed at 0.6839 on Friday, confirming a triangle breakout. That bullish move, however, would gain credence only if the pair closes today above the horizontal resistance of 0.6849 (Jan. 15 low).  
  • That looks likely as the 14-day relative strength index (RSI) is also flashing a triangle breakout.  
  • The bullish case would weaken if Friday’s low of 0.6747 is breached.  

Daily chart

Trend: Bullish after close above 0.6849

NZD/USD

Overview:
       Today Last Price:  0.6857
       Today Daily change:  0.0007  pips
       Today Daily change %:  0.10%
       Today Daily Open:  0.685
Trends:
       Daily SMA20:  0.676
       Daily SMA50:  0.6794
       Daily SMA100:  0.6698
       Daily SMA200:  0.6769
Levels:
       Previous Daily High:  0.6852
       Previous Daily Low:  0.6747
       Previous Weekly High:  0.6852
       Previous Weekly Low:  0.6706
       Previous Monthly High:  0.697
       Previous Monthly Low:  0.6686
       Daily Fibonacci 38.2%:  0.6812
       Daily Fibonacci 61.8%:  0.6787
       Daily Pivot Point S1:  0.6781
       Daily Pivot Point S2:  0.6711
       Daily Pivot Point S3:  0.6676
       Daily Pivot Point R1:  0.6886
       Daily Pivot Point R2:  0.6921
       Daily Pivot Point R3:  0.6991

 

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