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  • The pair is moving sideways after finding resistance at a downtrend line from July highs at 0.6815/20: a break higher could lead to further gains.  
  • In the short-term, the bullish tone eased and a break below 0.6785 would intensify the negative momentum ahead of the next sessions.  
  • On a wider perspective, the pair continues to consolidate near multi-month lows: a daily close significantly above 0.6820 would add support for a more sustainable recovery.  

NZD/USD 15-minute chart  


Spot rate:                   0.6794
High:                         0.6817
Low:                          0.6767

Trend:                        Neutral

Resistance 1:            0.6815 (downtrend line)
Resistance 2:            0.6840
Resistance 3:            0.6860

Support 1:                0.6785
Support 2:                0.6765
Support 3:                0.6715