Home NZD/USD Technical Analysis: Kiwi holding above 0.6640 awaiting directions from Fed
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NZD/USD Technical Analysis: Kiwi holding above 0.6640 awaiting directions from Fed

NZD/USD daily chart

  • NZD/USD is trading in a bear leg below its 200-day simple moving average (SMA).  
  • Market participants will closely be monitoring the Federal Reserve Monetary Policy Statement at 18:00 GMT.

NZD/USD 4-hour chart

  • NZD/USD is trading near its 50 SMA suggesting a consolidation in the medium-term.


NZD/USD 30-minute chart

  • NZD/USD is currently directionless above the 0.6640 support.  
  • Bulls need a break beyond 0.6690 to reach 0.6710, 0.6740 and 0.6770 to the upside.
  • Support is seen at 0.6640 and 0.6610 level.


Additional key levels

 

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