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  • The NZD/USD pair again heads to two-week-old trend-line resistance, at 0.6845 now, during early Thursday.
  • Should the pair manage to cross 0.6845, the horizontal line connecting late-January highs to early February lows, at 0.6870, may gain buyers’ attention.
  • During the additional upside past-0.6870, 0.6900 and the month’s high near 0.6945 can be targeted if holding long positions.
  • In case prices fail to hold recent recovery, 0.6785 and 0.6770 can provide nearby supports ahead of highlighting the 61.8% Fibonacci Retracement level of 0.6720 and the 0.6705 horizontal support.
  • If bears continue dominating price sentiments past-0.6705, 0.6670 and 0.6650 might offer intermediate halts during the plunge to 0.6620 and then to 0.6585.

NZD/USD 4-Hour chart

Additional important levels:

Overview:
       Today Last Price:  0.6832
       Today Daily change: 37  pips
       Today Daily change %:  0.54%
       Today Daily Open:  0.6795
Trends:
       Daily SMA20:  0.6806
       Daily SMA50:  0.679
       Daily SMA100:  0.6727
       Daily SMA200:  0.6754
Levels:
       Previous Daily High:  0.6853
       Previous Daily Low:  0.6727
       Previous Weekly High:  0.6907
       Previous Weekly Low:  0.6729
       Previous Monthly High:  0.694
       Previous Monthly Low:  0.6516
       Daily Fibonacci 38.2%:  0.6805
       Daily Fibonacci 61.8%:  0.6775
       Daily Pivot Point S1:  0.673
       Daily Pivot Point S2:  0.6665
       Daily Pivot Point S3:  0.6604
       Daily Pivot Point R1:  0.6856
       Daily Pivot Point R2:  0.6918
       Daily Pivot Point R3:  0.6982