Home NZD/USD Technical Analysis: Kiwi follows lower as USD recovers across the board

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NZD/USD Technical Analysis: Kiwi follows lower as USD recovers across the board

FX Street

Published date: 13 Jun. 2018 | 01:37

Kiwi bounces off trendline following bearish break, signaling further lows.
Broader Dollar recovery is sending risk assets down.
Hourly indictors are caught in oversold territory.

NZD/USD Chart, 1-Hour

Spot rate: 0.7002
Relative change: Negligible
High: 0.7008
Low: 0.7000

Trend: Flat to bearish

Support 1: 0.6996 (previous day low; current week low)
Support 2: 0.6972 (previous week low)
Support 3: 0.6881 (two-week low)

Resistance 1: 0.7052 (one-week high)
Resistance 2: 0.7079 (161.8% Fibonacci level)
Resistance 3: 0.7108 (R2 1-Week pivot)

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