Home NZD/USD Technical Analysis: Continuing rough channel lower amidst frequent upswings
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NZD/USD Technical Analysis: Continuing rough channel lower amidst frequent upswings

  • The Kiwi is seeing another intraday cyclical rebound from lows near 0.6750 in a repeat of Monday’s market action that saw the NZD/USD lurch to 0.6815 before bedding back down as broader market action saw overall flows push out of and then back into the US Dollar.

NZD/USD Chart, 5-Minute

  • The past two weeks shows the Kiwi steadily cycling lower in large swings, marking out a rough channel that threatens to lose momentum from a lateral swing low at the 0.6750 level.

NZD/USD Chart, 30-Minute

  • The past two months have seen the NZD/USD pair recover from medium-term lows at the 0.6440 level, but the last move towards the upside appears to have run out of momentum as the Kiwi becomes entangled in the 50-period moving average at the 0.6800 handle.

NZD/USD, 4-Hour

NZD/USD

Overview:
       Today Last Price:  0.6778
       Today Daily change:  -7.0  pips
       Today Daily change %:  -0.103%
       Today Daily Open:  0.6785
Trends:
       Previous Daily SMA20:  0.674
       Previous Daily SMA50:  0.6632
       Previous Daily SMA100:  0.6659
       Previous Daily SMA200:  0.6877
Levels:
       Previous Daily High:  0.6818
       Previous Daily Low:  0.6756
       Previous Weekly High:  0.6876
       Previous Weekly Low:  0.6767
       Previous Monthly High:  0.663
       Previous Monthly Low:  0.6424
       Previous Daily Fibonacci 38.2%:  0.6779
       Previous Daily Fibonacci 61.8%:  0.6794
       Previous Daily Pivot Point S1:  0.6755
       Previous Daily Pivot Point S2:  0.6724
       Previous Daily Pivot Point S3:  0.6693
       Previous Daily Pivot Point R1:  0.6816
       Previous Daily Pivot Point R2:  0.6848
       Previous Daily Pivot Point R3:  0.6878

 

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