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  • 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)