- The NZD/USD pair charted a bearish lower high at 0.6905 early today, validating the negative divergence of the 4-hour chart RSI, confirmed on Friday.
- The pair, therefore, risks falling below 0.6870 (Feb. 4 low support). That would establish a bearish lower low and confirm a bull-to-bear trend change on the 4-hour chart.
- Acceptance below 0.6870 would open up downside toward 0.68. A move above 0.6905 (latest lower high) would invalidate the negative setup.
4-hour chart
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Trend: bearish
NZD/USD
Overview:
Today Last Price: 0.6875
Today Daily change: -20 pips
Today Daily change %: -0.29%
Today Daily Open: 0.6895
Trends:
Daily SMA20: 0.6817
Daily SMA50: 0.6804
Daily SMA100: 0.672
Daily SMA200: 0.6761
Levels:
Previous Daily High: 0.6907
Previous Daily Low: 0.6871
Previous Weekly High: 0.6943
Previous Weekly Low: 0.6816
Previous Monthly High: 0.694
Previous Monthly Low: 0.6516
Daily Fibonacci 38.2%: 0.6893
Daily Fibonacci 61.8%: 0.6885
Daily Pivot Point S1: 0.6875
Daily Pivot Point S2: 0.6855
Daily Pivot Point S3: 0.6839
Daily Pivot Point R1: 0.6911
Daily Pivot Point R2: 0.6927
Daily Pivot Point R3: 0.6947
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