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NZD/USD Technical Analysis: Kiwi still sifting into two year lows

  • The Kiwi is slumping back into consolidation lows into the 0.6700 technical barrier as bears keep a firm grip on the NZD/USD.
  • The NZD could head into further lows for 2018 if market sentiment doesn’t recover enough to allow the pair to springboard off of two-year lows.

NZD/USD Chart, 15-Minute

Spot rate:   0.6733
Relative change:   0.06%
High:   0.6735
Low:   0.6723
   
Trend:   Bearish
   
Support 1:   0.6723 (current day low)
Support 2:   0.6719 (previous week low)
Support 3:   0.6686 (July low)
   
Resistance 1:   0.6754 (current week high)
Resistance 2:   0.6790 (61.8% Fibo retracement level)
Resistance 3:   0.6834 (previous week high)

 

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