Home NZD/USD Technical Analysis: Kiwi runs into 0.6800 resistance as the RBNZ leaves rates on hold
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NZD/USD Technical Analysis: Kiwi runs into 0.6800 resistance as the RBNZ leaves rates on hold

  • NZD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.  
  • NZD/USD found resistance near the 0.6800 resistance after the RBNZ (Reserve Bank of New Zealand)  left interest rates unchanged at 1.75%.  While the trend is bullish the bulls might have overextended themselves with technical indicators in oversold conditions.  
  • Supports to the downside can be seen near 0.6750 and 0.6700 figure.  

NZD/USD 4-hour chart

NZD/USD

Overview:
       Last Price:  0.6784
       Daily change:  1.1e+2  pips
       Daily change:  1.71%
       Daily Open:  0.667
Trends:
       Daily SMA20:  0.656
       Daily SMA50:  0.6574
       Daily SMA100:  0.6662
       Daily SMA200:  0.6913
Levels:
       Daily High:  0.6684
       Daily Low:  0.6646
       Weekly High:  0.669
       Weekly Low:  0.6513
       Monthly High:  0.663
       Monthly Low:  0.6424
       Daily Fibonacci 38.2%:  0.667
       Daily Fibonacci 61.8%:  0.6661
       Daily Pivot Point S1:  0.6649
       Daily Pivot Point S2:  0.6628
       Daily Pivot Point S3:  0.6611
       Daily Pivot Point R1:  0.6688
       Daily Pivot Point R2:  0.6705
       Daily Pivot Point R3:  0.6726

 

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