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  • 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