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   “¢   The pair failed to capitalize on the early attempted bounce and has now drifted into the negative territory for the fourth consecutive session, back closer to 2-1/2 week lows set on Friday.

   “¢   The pair’s inability to sustain intraday move beyond 100-day EMA, coupled with the bearish tone for the sixth session in the previous seven clearly points to persistent selling bias at higher levels.

   “¢   Bearish technical indicators on hourly/daily charts support prospects for an extension of the recent bearish trajectory, which will be further reinforced once the 100-day SMA support is broken.

   “¢   Weakness below the mentioned support might turn the pair vulnerable to break through the 0.6700 handle and aim towards testing 2019 daily closing lows support, around the 0.6655 region.

NZD/USD daily chart

NZD/USD

Overview:
       Today Last Price:  0.6738
       Today Daily change %:  -0.16%
       Today Daily Open:  0.6749
Trends:
       Daily SMA20:  0.6813
       Daily SMA50:  0.6799
       Daily SMA100:  0.6724
       Daily SMA200:  0.6757
Levels:
       Previous Daily High:  0.6767
       Previous Daily Low:  0.6729
       Previous Weekly High:  0.6907
       Previous Weekly Low:  0.6729
       Previous Monthly High:  0.694
       Previous Monthly Low:  0.6516
       Daily Fibonacci 38.2%:  0.6744
       Daily Fibonacci 61.8%:  0.6752
       Daily Pivot Point S1:  0.673
       Daily Pivot Point S2:  0.671
       Daily Pivot Point S3:  0.6692
       Daily Pivot Point R1:  0.6768
       Daily Pivot Point R2:  0.6786
       Daily Pivot Point R3:  0.6806