“¢ 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
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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
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