Home NZD/USD Technical Analysis: Pushing into 0.980 but pressure remain
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NZD/USD Technical Analysis: Pushing into 0.980 but pressure remain

  • Intraday action on the short-term charts sees bullish momentum draining out of the NZD/USD, with common support from the 2-period moving average at 0.6720.

NZD/USD chart, 5-Minute

  • With the NZD/USD testing into 0.6800, shortside  pressure remains firm, and a failure by Kiwi bulls to haul the pair meaningfully over the major barrier will see the Kiwi collapsing back into recentner

NZD/USD chart, 30-Minute

  • The past three months have the Kiwi testing into a ceiling near 0.6820, getting support from the last swing low into the 0.6700 handle, while the 200-period moving average continues to firm up long-term support from 0.6580.

NZD/USD chart, 4-Hour

NZD/USD

Overview:
       Last Price:  0.6795
       Daily change:  -2.0  pips
       Daily change:  -0.0294%
       Daily Open:  0.6797
Trends:
       Daily SMA20:  0.6629
       Daily SMA50:  0.659
       Daily SMA100:  0.6656
       Daily SMA200:  0.6896
Levels:
       Daily High:  0.681
       Daily Low:  0.6756
       Weekly High:  0.682
       Weekly Low:  0.6632
       Monthly High:  0.663
       Monthly Low:  0.6424
       Daily Fibonacci 38.2%:  0.679
       Daily Fibonacci 61.8%:  0.6777
       Daily Pivot Point S1:  0.6765
       Daily Pivot Point S2:  0.6733
       Daily Pivot Point S3:  0.671
       Daily Pivot Point R1:  0.682
       Daily Pivot Point R2:  0.6843
       Daily Pivot Point R3:  0.6875

 

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