- 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.
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) |