- The NZD/USD is currently trading at 0.6950 – the level was last seen on June 18 – having gapped above the 200-day moving average (MA) hurdle yesterday on the back of US-China trade truce.
- The Kiwi looks set to extend gains further toward 0.70 as the US-Chian trad war pause could keep risk assets better bid ahead of the Christmas holidays. Further, the 14-day relative strength index (RSI) is still isn’t showing overbought conditions.
- The 5- and 10-day moving averages (MAs) are trending north in favor of the bulls. Further, 50-, 100- and 200-candle MAs on the 4-hour chart are aligned in favor of the bulls.
- The bullish pressures, however, would weaken if the pair finds acceptance below the ascending 10-day EMA of 0.6847.
Daily Chart
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4-hour Chart
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Trend: Bullish
NZD/USD
Overview:
Today Last Price: 0.6948
Today Daily change: 28 pips
Today Daily change %: 0.405%
Today Daily Open: 0.692
Trends:
Previous Daily SMA20: 0.6804
Previous Daily SMA50: 0.6654
Previous Daily SMA100: 0.6663
Previous Daily SMA200: 0.6865
Levels:
Previous Daily High: 0.6941
Previous Daily Low: 0.6882
Previous Weekly High: 0.6887
Previous Weekly Low: 0.6753
Previous Monthly High: 0.6887
Previous Monthly Low: 0.6514
Previous Daily Fibonacci 38.2%: 0.6918
Previous Daily Fibonacci 61.8%: 0.6904
Previous Daily Pivot Point S1: 0.6887
Previous Daily Pivot Point S2: 0.6855
Previous Daily Pivot Point S3: 0.6828
Previous Daily Pivot Point R1: 0.6947
Previous Daily Pivot Point R2: 0.6974
Previous Daily Pivot Point R3: 0.7006
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