Home NZD/USD Technical Analysis: Kiwi tests new two-week lows, approaching 0.67
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NZD/USD Technical Analysis: Kiwi tests new two-week lows, approaching 0.67

  • The Kiwi has touched into a new two-week low as bearish pressure on the NZD continues ahead of the US NFP Friday bomb.
  • With the NZD/USD dropping into 2018’s lows, further downside will see new lows for the year unless bulls can step in and halt the slide.

NZD/USD Chart, 15-Minute

Spot rate:   0.6725
Relative change:   -0.04%
High:   0.6742
Low:   0.6723
   
Trend:   Bearish
   
Support 1:   0.6723 (current day low)
Support 2:   0.6712 (four week low)
Support 3:   0.6686 (July 9th low)
   
Resistance 1:   0.6742 current day high)
Resistance 2:   0.6761 (previous week low)
Resistance 3:   0.6834 (current week high)

 

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