NZD/USD Technical Analysis: Kiwi slumps into 0.69, bullish opportunities are looking thin

• Kiwi fails to develop a bounce from Tuesday’s decline, hourly indicators are heading higher with little bullish momentum.
• Economic calendar is fairly clear for Wednesday.
• Overall market sentiment remains hesitant amidst trade war tensions.

NZD/USD Chart, 1-Hour

Spot rate:             0.6898
Relative change: Negligible
High:                    0.6900
Low:                     0.6888

Trend:                  Bearish

Support 1:            0.6884 (current week low)  
Support 2:            0.6850 (May bottom)
Support 3:            0.6771 (S3 1-week pivot)

Resistance 1:       0.6949 (38.2% Fibo retracement leve)
Resistance 2:       0.6980 (61.8% Fibo retracement level)
Resistance 3:       0.7060 (May high)