“¢ The pair extended the overnight retracement slide from 1-1/2 week tops and remained under some selling pressure through the mid-European session on Tuesday.
“¢ The pair’s inability to sustain above 50-hour SMA/23.6% Fibo. level of the 0.6720-0.6894 post-RBNZ upsurge was seen as a key trigger for intraday bearish traders.
“¢ Meanwhile, technical indicators on the 1-hourly chart have been drifting into bearish territory and have also started losing positive momentum on 4-hourly/daily charts.
“¢ A subsequent break below 38.2% Fibo. level sets the stage of an extension of the corrective slide further towards testing 200-hour SMA support, near the 0.6800 handle.
NZD/USD 1-hourly chart
-636861684206163048.png)
NZD/USD
Overview:
Today Last Price: 0.6825
Today Daily change %: -0.39%
Today Daily Open: 0.6852
Trends:
Daily SMA20: 0.6821
Daily SMA50: 0.6788
Daily SMA100: 0.6734
Daily SMA200: 0.6752
Levels:
Previous Daily High: 0.6894
Previous Daily Low: 0.6839
Previous Weekly High: 0.6875
Previous Weekly Low: 0.6719
Previous Monthly High: 0.694
Previous Monthly Low: 0.6516
Daily Fibonacci 38.2%: 0.686
Daily Fibonacci 61.8%: 0.6873
Daily Pivot Point S1: 0.683
Daily Pivot Point S2: 0.6807
Daily Pivot Point S3: 0.6775
Daily Pivot Point R1: 0.6885
Daily Pivot Point R2: 0.6917
Daily Pivot Point R3: 0.694
Share
