Home NZD/USD Technical Analysis: Seems poised to extend the post-CPI up-move to 1-week tops
FXStreet News

NZD/USD Technical Analysis: Seems poised to extend the post-CPI up-move to 1-week tops

   “¢   A slightly upbeat NZ CPI report assisted the pair to build on the previous session’s goodish rebound from over two-week lows and continue gaining traction for the second straight session.

   “¢   The positive momentum over the past 12-hours or so helped the pair to decisively breakthrough a one-week-old descending trend-channel and rally to the 0.6800 neighborhood or multi-day tops.

   “¢   Technical indicators on the 1-hourly chart are already pointing to slightly overbought conditions warranting some consolidation, especially after the latest leg of an upsurge of nearly 100-pips.  

   “¢   However, oscillators on 4-hourly/daily charts have just started gaining bullish traction, supporting prospects for some fresh technical buying and an extension of the intraday positive move.

NZD/USD 1-hourly chart

NZD/USD

Overview:
       Today Last Price:  0.6782
    Today Daily change %:  0.91%
       Today Daily Open:  0.6721
Trends:
       Daily SMA20:  0.6746
       Daily SMA50:  0.6796
       Daily SMA100:  0.6691
       Daily SMA200:  0.6776
Levels:
       Previous Daily High:  0.6735
       Previous Daily Low:  0.6706
       Previous Weekly High:  0.685
       Previous Weekly Low:  0.6727
       Previous Monthly High:  0.697
       Previous Monthly Low:  0.6686
       Daily Fibonacci 38.2%:  0.6717
       Daily Fibonacci 61.8%:  0.6724
       Daily Pivot Point S1:  0.6706
       Daily Pivot Point S2:  0.6692
       Daily Pivot Point S3:  0.6677
       Daily Pivot Point R1:  0.6735
       Daily Pivot Point R2:  0.675
       Daily Pivot Point R3:  0.6764

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.