NZD/USD Technical Analysis: 0.6700 back in focus now

NZD/USD daily chart The NZD/USD pair trades around 0.6730 at the start of Tuesday’s Asian trading. The 100-day simple moving average (SMA) near 0.  |  11/02/2019 22:31

NZD/USD daily chart

  • The NZD/USD pair trades around 0.6730 at the start of Tuesday’s Asian trading.
  • The 100-day simple moving average (SMA) near 0.6720 can offer immediate support to the pair’s decline prior to highlighting the 0.6700 round-figure.
  • However, an upward sloping trend-line connecting lows since October 2018, at 0.6660 now, could limit the pair’s downside past 0.6700.
  • On the upside, the 0.6775 and the 61.8% Fibonacci Retracement of its June-October downturn, at 0.6815, seem crucial resistances to watch.

NZD/USD 4-Hour chart

  • While 100-day SMA offers immediate support on D1, the H4 chart clearly portrays the importance of 0.6705-0.6700 support area connecting the lows marked in January 08 and 22.
  • Should the pair drops under 0.6700, the 0.6670 and 0.6620 may offer additional supports other than 0.6660 conveyed on daily chart.

NZD/USD hourly chart

  • On H1, prices can avail 0.6725 as adjacent rest before slipping to 0.6710 level including 61.8% Fibonacci expansion of its recent slump.
  • Meanwhile, the 0.6740 and the descending trend-line figure of 0.6770 can restrict the pair’s nearby upside.

Additional Important Levels:

Overview: 
    Today Last Price: 0.6732
    Today Daily change: -17 pips
    Today Daily change %: -0.25%
    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

 

Share

Popular News

Show More Popular News

Sentiment

Open a Demo Account Open A Live Account

Losses can exceed deposits

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com