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NZD/USD Technical Analysis: kicks higher alongside the Aussie

  • The Kiwi kicked into 0.6575 after the Aussie employment data saw a volatility spike in the AUssie drag the NZD/USD along as the Antipodeans see a brief spark of life.
  • Data is thin this week for the NZD and the Kiwi-Dollar pairing is at the mercy of broader market sentiment.
  • The NZD is testing into 30-month lows as the US Dollar climbs atop the G20 currency pile.

NZD/USD Chart, 15-Minute

Spot rate:   0.6575
Relative change:   0.27%
High:   0.6582
Low:   0.6554
   
Trend:   Sideways to bearish
   
Support 1:   0.6554 (current day low)
Support 2: 0.6543 (previous week low; major technical bottom)
Support 3:   0.6500 (major technical level)
   
Resistance 1:   0.6609 (current week high)
Resistance 2:   0.6678 (61.8% Fibo retracement level)
Resistance 3:   0.6762 (previous week high)

 

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