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  • NZD/USD is currently testing the 0.6854 level, the May 16 low (the former 2018 low). Buyers might try to stage a reversal from the level.  
  • However, if 0.6854 support doesn’t hold prices a retest of the current 2018 low at 0.6826 can be on the cards as the current momentum is quite bearish.

NZD/USD 15-minute chart

Spot rate:                       0.6850
Relative change:            -0.76%      
High:                              0.6903
Low:                               0.6847

Trend:                             Bearish

Resistance 1:                 0.6865, intraday supply level
Resistance 2:                 0.6900-0.6923 area figure and supply/demand level    
Resistance 3:                 0.6960, June 1 low
 

Support 1:                      0.6854, May 16 low
Support 2:                      0.6826 current 2018 low
Support 3:                      0.6816 December 1, 2017 low