- The Kiwi is capitalizing on Greenback weakness, climbing into 0.69 as the USD retreats across the G10 currency pairs.
- A lack of NZD-boosting data leaves the move one-sided, a reversal in risk flows will quickly erase upside potential.
- Hourly indicators are quickly heading towards overbought territory, a technical stall could set in before the week’s end.
Spot rate: | 0.6904 | |
Relative change: | 0.68% | |
High: | 0.6905 | |
Low: | 0.6850 | |
Trend: | Bullish | |
Support 1: | 0.6850 | (current day low) |
Support 2: |
0.6825 |
(current week low; technical bottom) |
Support 3: | 0.6776 | (S3 daily pivot) |
Resistance 1: | 0.6916 | (June 20th swing high) |
Resistance 2: | 0.6955 | (current week high) |
Resistance 3: | 0.7053 | (previous week high) |