Search ForexCrunch
  • NZD/USD is bouncing from 2020 lows. 
  • The level to beat for bulls is the 0.6360 resistance.
 

NZD/USD daily chart

 
Kiwi/Dollar is trading in a downtrend while bouncing modestly from the 2020 lows as the market is below the main SMAs. However, the USD weakness can lead to some profit-taking and help the currency pair to bounce some more particularly on a break above the 0.6360 level which could lead to further appreciation towards the 0.6380 and 0.6412 level. Support is seen 0.6300 and 0.6250 level. 
 
 

Additional key levels

 

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.