NZD/USD Technical Analysis: Reversal from a key resistance

• After rising during a week, NZD/USD reversed sharply, rejected from above the 20-day SMA and also from above 0.6700.  
• Negative bias ahead of the Asian session remains intact with price looking for support. Key area: 0.6610.  
• A recovery above 0.6660 would remove part of the negative tone while on a wider perspective, a daily close above 0.6700 is needed to signal that a bottom is in place.  

NZD/USD 15-minute chart

NZD/USD Daily chart

Spot rate:                   0.6630
High:                         0.6700
Low:                          0.6629

Trend:                        Bearish

Resistance 1:            0.6635
Resistance 2:            0.6660
Resistance 3:            0.6680

Support 1:                0.6625
Support 2:                0.6610
Support 3:                0.6585