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  • The Kiwi is looking for a foothold after last week’s steep decline on withering market sentiment.
  • NZD bulls are hoping for a push higher, but the economic calendar is a thin showing for the Kiwi this week, with nothing on the docket until Thursday’s PPI.
  • Middling action for this week sees indicators leaning into their midranges as market participants freeze in their tracks.

NZD/USD Chart, 15-Minute

Spot rate:   0.6577
Relative change: Negligible
High:   0.6582
Low: 0.6569
Trend: Sideways
Support 1: 0.6569 (current day low)
Support 2: 0.6557 (current week low)
Support 3: 0.6529 (S3 daily pivot)
Resistance 1: 0.6582 (current day high)
Resistance 2: 0.6684 (61.8% Fibo retracement level)
Resistance 3: 0.6762 (previous week high)