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  • 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