Home NZD/USD Technical Analysis: Kiwi bulls regain control on upbeat trade data, headed back to multi-week tops
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NZD/USD Technical Analysis: Kiwi bulls regain control on upbeat trade data, headed back to multi-week tops

   “¢   The pair showed some resilience below 50-hour SMA and stalled the overnight retracement slide from near six-week tops following the release of upbeat NZ trade balance data.

   “¢   The prevalent dip-buying interest was further supported by the fact that the pair has managed to hold comfortably above other important intraday moving average – 100 & 200-hour SMAs.

   “¢   Moreover, technical indicators on hourly/daily charts maintained their bullish bias and a subsequent momentum beyond mid-0.6800s will further reinforce the constructive outlook.

   “¢   A follow-through buying has the potential to lift the pair, beyond multi-week tops, towards reclaiming the 0.6900 handle en-route the 0.6930-40 supply zone and Dec. 2018 swing high.

NZD/USD 1-hourly chart

NZD/USD

Overview:
       Today Last Price:  0.6843
       Today Daily change %:  0.16%
       Today Daily Open:  0.6832
Trends:
       Daily SMA20:  0.6766
       Daily SMA50:  0.6794
       Daily SMA100:  0.6701
       Daily SMA200:  0.6767
Levels:
       Previous Daily High:  0.6873
       Previous Daily Low:  0.6824
       Previous Weekly High:  0.6852
       Previous Weekly Low:  0.6706
       Previous Monthly High:  0.697
       Previous Monthly Low:  0.6686
       Daily Fibonacci 38.2%:  0.6854
       Daily Fibonacci 61.8%:  0.6843
       Daily Pivot Point S1:  0.6813
       Daily Pivot Point S2:  0.6794
       Daily Pivot Point S3:  0.6764
       Daily Pivot Point R1:  0.6862
       Daily Pivot Point R2:  0.6892
       Daily Pivot Point R3:  0.6911

 

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