Home NZD/USD Technical Analysis: Kiwi looking to keep moving upwards ahead of Tuesday’s CPI
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NZD/USD Technical Analysis: Kiwi looking to keep moving upwards ahead of Tuesday’s CPI

  • Kiwi seeing some bullish lift ahead of a thin Monday as markets come back to life.
  • Japan markets are celebrating a holiday, and Asia-Pacific trade volumes will be constrained, could see higher-than-usual volatility.
  • Kiwi traders will be restrained ahead of Tuesday’s key CPI reading for New Zealand.

NZD/USD Chart, 15-Minute

Spot rate:   0.6772
Relative change:   0.25%
High:   0.6776
Low:   0.6752
   
Trend:   Bullish
   
Support 1:   0.6752 (current day low)
Support 2:   0.6744 (61.8% Fibo retracement level)
Support 3:   0.6724 (Friday low)
   
Resistance 1:   0.6785 (Friday swing high)
Resistance 2:   0.6858 (previous week top)
Resistance 3:   0.6920 (Daily candle swing high)

 

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