Home NZD/USD Technical Analysis: Kiwi slips 0.68 as markets favor USD
FXStreet News

NZD/USD Technical Analysis: Kiwi slips 0.68 as markets favor USD

  • Overall markets are broadly Dollar-bullish, leaving the Kiwi to sink into recent consolidation.
  • A lack of news for the NZD and a quiet Reserve Bank of New Zealand (RBNZ) leave the Kiwi in the lurch, at the mercy of overall Greenback action.

NZD/USD Chart, 15-Minute

Spot rate:   0.6777
Relative change:   -0.04%
High:   0.6787
Low:   0.6772
   
Trend:   Bearish
   
Support 1:   0.6768 (current week low)
Support 2:   0.6749 (61.8% Fibo retracement level)
Support 3:   0.6712 (previous week low)
   
Resistance 1:   0.6824 (July 24th swing high)
Resistance 2:   0.6850 (current week high)
Resistance 3:   0.6878 (R2 daily pivot)

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.