- NZD/USD beginning to retrace its steps over the past twenty-four hours after a late-Wednesday drive higher on the back of a dovish Federal Reserve chair Powell, sinking the US Dollar across the board.
- Kiwi spiked into 0.6887 on Dollar flows, but the Antipodean is now sinking back towards familiar levels, struggling just below 0.6850.
NZD/USD, 5-Minute
- The Kiwi has struggled underneath sequential lower highs for the past two weeks, but the US Dollar’s plunge is unlikely to see a long-term boost for the NZD as the pair remains capped by mid-November’s peaks.
NZD/USD, 30-Minute
- In the medium-term, the NZD/USD has managed to grind out gains, but the pair remains constrained as chart action excluding the Fed Greenback sell-off sees the Kiwi still hampered by the 50-period moving average currently holding just beneath 0.6800, and failure to sustain a bull move will see the pair collapse back into recent ranges shortly.
NZD/USD, 4-Hour
NZD/USD
Overview:
Today Last Price: 0.6844
Today Daily change: -29 pips
Today Daily change %: -0.422%
Today Daily Open: 0.6873
Trends:
Previous Daily SMA20: 0.677
Previous Daily SMA50: 0.6642
Previous Daily SMA100: 0.6659
Previous Daily SMA200: 0.6872
Levels:
Previous Daily High: 0.6887
Previous Daily Low: 0.6774
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%: 0.6844
Previous Daily Fibonacci 61.8%: 0.6818
Previous Daily Pivot Point S1: 0.6803
Previous Daily Pivot Point S2: 0.6732
Previous Daily Pivot Point S3: 0.669
Previous Daily Pivot Point R1: 0.6916
Previous Daily Pivot Point R2: 0.6958
Previous Daily Pivot Point R3: 0.7028