NZD/USD Technical Analysis: Kiwi bears looking at 0.6890 ahead of RBNZ


NZD/USD daily

  • NZD/USD is trading in a bull trend above its main simple moving averages (SMAs).
  • The Reserve Bank of New Zealand (RBNZ) will release its interest rate decision at 1.00 am GMT this Wednesday. The event can lead to high volatilty on NZD-related pairs.

NZD/USD 4-hour chart

  • NZD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

NZD/USD 30-minute chart

  • NZD/USD is trading between its 50 and 100 SMA suggesting a consolidation in the short-term.
  • 0.6920 is a strong resistance. If breached 0.6970 comes into play.
  • Looking down, 0.6890 and 0.6860 are seen as immediate supports following the RBNZ.

Additional key levels

NZD/USD

Overview
Today last price 0.6908
Today Daily Change 0.0000
Today Daily Change % 0.00
Today daily open 0.6908
 
Trends
Daily SMA20 0.6838
Daily SMA50 0.6826
Daily SMA100 0.681
Daily SMA200 0.6737
 
Levels
Previous Daily High 0.6919
Previous Daily Low 0.6871
Previous Weekly High 0.6939
Previous Weekly Low 0.6827
Previous Monthly High 0.6943
Previous Monthly Low 0.6719
Daily Fibonacci 38.2% 0.6901
Daily Fibonacci 61.8% 0.6889
Daily Pivot Point S1 0.688
Daily Pivot Point S2 0.6851
Daily Pivot Point S3 0.6832
Daily Pivot Point R1 0.6928
Daily Pivot Point R2 0.6947
Daily Pivot Point R3 0.6976

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD retreats toward 1.0850 despite weak US employment data

EUR/USD retreats toward 1.0850 despite weak US employment data

EUR/USD loses its traction and declines toward 1.0850 after testing 1.0900 earlier in the session. Because Nonfarm Payrolls data for October missed the market expectation by a wide margin due to hurricanes and strikes, the US Dollar manages to hold its ground.

EUR/USD News
GBP/USD climbs above 1.2950, looks to end week little changed

GBP/USD climbs above 1.2950, looks to end week little changed

GBP/USD benefits from the improving risk mood and trades in positive territory above 1.2950 in the American session on Friday as markets ignore the weak labor market data from the US. The pair remains on track to end the week flat.

GBP/USD News
Gold clings to small gains near $2,750 after US data

Gold clings to small gains near $2,750 after US data

Gold clings to marginal recovery gains and trades slightly above $2,750. The 10-year US Treasury bond yield struggles to push higher after the dismal October jobs report and weaker-than-expected PMI data from the US, helping XAU/USD keep it footing.

Gold News
Bitcoin Weekly Forecast: Run toward fresh all-time high hinges on US presidential election results

Bitcoin Weekly Forecast: Run toward fresh all-time high hinges on US presidential election results

Bitcoin could experience a price pullback in the next few days ahead of the US presidential election, analysts say, an event that will be key to determining whether and how the crypto class will be regulated in the years to come.

Read more
Bank of Japan holds rates steady amid signs of modest GDP growth

Bank of Japan holds rates steady amid signs of modest GDP growth

Monthly industrial production results have been mixed but generally indicate a modest recovery in third-quarter GDP. Clear guidance from the Bank of Japan remains elusive, with each upcoming meeting being pivotal.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures