NZD/USD Technical Analysis: Losing momentum near 0.6850

• The pair moving with a bullish bias in an ascendant channel near the upper limited and also close to the 0.6850 strong resistance area.
• Kiwi is losing momentum ahead of the Asian session and a test of the lower bound of the channel seems possible: a break lower would remove the upside bias.
• On a wider perspective, a daily close above 0.6850 would signal more gains ahead and a recovery above 0.6900; while below 0.6720, a test of 0.6700 seems likely.

NZD/USD 15 minutes chart  

NZD/USD Daily chart

Spot rate:                   0.6823
High:                         0.6833
Low:                          0.6789

Trend:                        Bullish

Resistance 1:            0.6830
Resistance 2:            0.6850
Resistance 3:            0.6885

Support 1:                0.6810
Support 2:                0.6790
Support 3:                0.6775