- NZD/USD witnessed a bear-to-bull trend change last week, still, kiwi bulls are struggling to get past the 100-day EMA.
- Global Dairy Trade (GDT) price index will be released later today.
- New Zealand will release its latest Employment Change report at 21:45 GMT.
The NZD/USD pair is currently trading at 0.6655, having clocked a high of 0.6669 earlier today.
The pair cleared the six-month-long falling trendline last week, confirming a bearish-to-bullish trend change. Still, the pair is struggling to clear the immediate resistance of the 100-day exponential moving average (EMA), currently at 0.6677.
That said, the key EMA hurdle could be scaled later today if the GDT price index records its first increase since May 15. Prices had dropped 0.3 percent at the last auction held on Oct. 16.
The gains, however, could be short-lived if the New Zealand employment data, due today at 21:45 GMT, disappoints expectations.
NZD/USD Technical Levels
NZD/USD
Overview:
Last Price: 0.6655
Daily change: -12 pips
Daily change: -0.180%
Daily Open: 0.6667
Trends:
Daily SMA20: 0.655
Daily SMA50: 0.6574
Daily SMA100: 0.6664
Daily SMA200: 0.6917
Levels:
Daily High: 0.6678
Daily Low: 0.6632
Weekly High: 0.669
Weekly Low: 0.6513
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.666
Daily Fibonacci 61.8%: 0.665
Daily Pivot Point S1: 0.664
Daily Pivot Point S2: 0.6614
Daily Pivot Point S3: 0.6595
Daily Pivot Point R1: 0.6685
Daily Pivot Point R2: 0.6704
Daily Pivot Point R3: 0.673