- The NZD/USD closed above the 200-day exponential moving average (EMA) yesterday – its first since April 22 – and was last seen trading at 0.6826.
- A move above the 200-day EMA bolstered the already bullish technical setup of higher highs and higher lows, ascending 5-, 10-day EMAs and falling channel breakout.
- The RSI on the 4-hour chart is reporting overbought conditions. Meanwhile, the daily RSI is closing on overbought territory above 70. As a result, further gains are unlikely to happen immediately.
- The pair may witness a pullback to 5-day EMA of 0.6794 before rising further. A strong bounce from the ascending EMAs may yield a sustained rally to next major resistance of 0.7060 (June 6 high).
Daily Chart
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Trend: Pullback likely
NZD/USD
Overview:
Last Price: 0.6828
Daily change: -3.0 pips
Daily change: -0.0439%
Daily Open: 0.6831
Trends:
Daily SMA20: 0.6643
Daily SMA50: 0.6595
Daily SMA100: 0.6656
Daily SMA200: 0.6894
Levels:
Daily High: 0.6842
Daily Low: 0.6787
Weekly High: 0.682
Weekly Low: 0.6632
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6821
Daily Fibonacci 61.8%: 0.6808
Daily Pivot Point S1: 0.6798
Daily Pivot Point S2: 0.6766
Daily Pivot Point S3: 0.6744
Daily Pivot Point R1: 0.6852
Daily Pivot Point R2: 0.6874
Daily Pivot Point R3: 0.6907
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