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  • NZD/USD gained almost 100 pips since Thursday after Kiwi reached a new 2018 low.
  • NZD/USD is consolidating its advance above the 100 and 200-period simple moving average on the 15-minute chart.
  • NZD/USD broke out above a wedge formation suggesting Kiwi is set to run higher in the coming sessions.  

NZD/USD 15-minute chart

Spot rate:                       0.6900
Relative change:            0.51%      
High:                              0.6915
Low:                               0.6854

Trend:                             Bullish

Resistance 1:                 0.6900-0.6923 area figure and supply/demand level    
Resistance 2:                 0.6960, June 1 low
Resistance 3                  0.7000 figure    

Support 1:                      0.6870, 200-period SMA (15m)
Support 2:                      0.6854, former 2018 low
Support 3:                      0.6816 December 1, 2017 low