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  • 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.

NZD/USD Chart, 15-Minutes

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)