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  • A sluggish Kiwi sees little bullish rebound against the Greenback after last week’s fear-induced decline.
  • A thin calendar for the NZD this week sees market sentiment largely in the driver’s seat.
  • Buyers are struggling to develop wheels under a bullish correction from 0.6550 as technical indicators bleed out their oversold signals.

NZD/USD Chart, 15-Minute

Spot rate:   0.6574
Relative change:   Negligible
High:   0.6576
Low:   0.6566
   
Trend:   Sideways
   
Support 1:   0.6566 (current day low)
Support 2:   0.6557 (current week low)
Support 3:   0.6500 (major technical level)
   
Resistance 1:   0.6610 (current week high)
Resistance 2:   0.6684 (61.8% Fibo retracement level)
Resistance 3:   0.6762 (previous week high)