Home NZD/USD Technical Analysis: Bulls can’t sustain a push over 0.68
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NZD/USD Technical Analysis: Bulls can’t sustain a push over 0.68

  • The Kiwi is grinding near recent swing lows, trading into familiar bottoms amid consolidation.
  • The pair is struggling to develop bullish momentum off of 0.6700, and failure to snap out of swing highs near 0.6800 could see the NZD/USD drifting into new lows for 2018.

NZD/USD Chart, 15-Minute

Spot rate:   0.6732
Relative change:   Negligible
High:   0.6741
Low:   0.6727
   
Trend:   Sideways
   
Support 1:   0.6727 (current day low)
Support 2:   0.6719 (previous week low)
Support 3:   0.6686 (2018 technical bottom)
   
Resistance 1:   0.6755 (current week high)
Resistance 2:   0.6790 (61.8% Fibo retracement level)
Resistance 3:   0.6834 (previous week low)

 

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