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  • The Kiwi’s action in July has seen the NZD/USD constrained under stiff resistance from the 0.6850 region with rising lows currently putting a floor under prices from 0.6760.
  • This week’s trading sees the pair cycling around 0.6800 as the Kiwi struggles to develop any momentum as the RBNZ looks set to remain in wait-and-see mode on rates.

NZD/USD Chart, 15-Minute

Spot rate:   0.6795
Relate change:   0.07%
High:   0.6796
Low:   0.6788
Trend:   Sideways
Support 1:   0.6781 (current week low)
Support 2:   0.6761 (previous week low)
Support 3:   0.6712 (four-week low)
Resistance 1:   0.6834 (current week high)
Resistance 2:   0.6850 (previous week high)
Resistance 3:   0.6894 (R2 weekly pivot)