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  • The Kiwi continues to trade to the downside after last week’s steady decline from 0.6670, the pair’s current one-month high.
  • The Kiwi’s long-term bearish trend remains firmly intact on Daily candles, with the pair recently being rejected from the  50-day EMA, and the shortside target will be at 2018’s floor at the 0.6500 handle.

NZD/USD Chart, 15-Minute

Spot rate 0.6610
Current week change Negligible
Previous week high 0.6696
Previous week low 0.6598
   
Support 1 0.6593 (current week low)
Support 2 0.6581 (S1 weekly pivot)
Support 3 0.6540 (S2 weekly pivot)
   
Resistance 1 0.6628 (current week high)
Resistance 2 0.6670 (one-month high)
Resistance 3 0.6700 (major technical level)