- Kiwi on the rise as risk assets find favor against the US Dollar as risk appetite swings forward on positive trade headlines from the US.
- July’s peak at 0.6860 is the key barrier keeping bulls under pressure, and a break higher will leave NZD bulls free to make a run for 0.70 as long as markets remain optimistic, but hazards abound for a return to risk aversion.
Spot rate: | 0.6844 |
Relative change: | 0.13% |
High: | 0.6849 |
Low: | 0.6827 |
Trend: | Bullish |
Support 1: | 0.6827 (current day low) |
Support 2: | 0.6784 (previous day low) |
Support 3: | 0.6764 (61.8% Fibo retracement level) |
Resistance 1: | 0.6858 (July 9th peak) |
Resistance 2: | 0.6920 (June 25th swing high) |
Resistance 3: | 0.7000 (major psychological level) |