NZD/USD Technical Analysis: Bounce off 0.6790 can recall 0.6810 and 0.6830
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NZD/USD Technical Analysis: Bounce off 0.6790 can recall 0.6810 and 0.6830

  • NZD/USD clings to 0.6800 around early Monday.
  • During initial trading, the NZD/USD pair took a U-turn from 0.6790 support-confluence comprising a descending trend-line estd. from early-month and a horizontal-support including highs marked late last-week.
  • As a result, chances of its upmoves to Friday highs near 0.6810 are high, a break of which could further escalate the recovery towards last-week high near 0.6830.
  • Alternatively, downside break of 0.6790 can have 0.6760 and 0.6755 as follow-on rests.
  • Also, 0.6745 and 0.6700 can please bears in a case of further declines beneath 0.6755.

NZD/USD hourly chart

Additional important levels:

Overview:
       Today Last Price:  0.6804
       Today Daily change:  -2  pips
       Today Daily change %:  -0.03%
       Today Daily Open:  0.6806
Trends:
       Daily SMA20:  0.682
       Daily SMA50:  0.6801
       Daily SMA100:  0.6777
       Daily SMA200:  0.6745
Levels:
       Previous Daily High:  0.6811
       Previous Daily Low:  0.6746
       Previous Weekly High:  0.6832
       Previous Weekly Low:  0.6744
       Previous Monthly High:  0.6943
       Previous Monthly Low:  0.6719
       Daily Fibonacci 38.2%:  0.6786
       Daily Fibonacci 61.8%:  0.6771
       Daily Pivot Point S1:  0.6764
       Daily Pivot Point S2:  0.6723
       Daily Pivot Point S3:  0.6699
       Daily Pivot Point R1:  0.6829
       Daily Pivot Point R2:  0.6853
       Daily Pivot Point R3:  0.6894

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