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NZD/USD hopeful heart but grappling at the near-term low-end

  • The Kiwi is struggling to maintain itself after failing to capture 0.6900 in the last upmove.

NZD/USD continues to trade near 0.6850 after Monday saw the Asia-Pacific sector take a step lower against the Greenback.

The Kiwi is trading into the softer side of recent action, in play near 0.6840 despite remaining firmly entrenched witthin Monday's's high/low range.

All's quiet on the New Zeland front with little of note on the economic calendar, though the latest results of the Global Dairy Auction, due at some point today, could see Kiwi bidders return to the fold if numbers climb again.

Overall the NZD/USD appears to be in a firmly supported bullish, lifting ever since reversing the pair's directional bias from October's bottom of 0.64500.

NZD/USD Technical Levels

NZD/USD

Overview:
    Last Price: 0.6842
    Daily change: -39 pips
    Daily change: -0.567%
    Daily Open: 0.6881
Trends:
    Daily SMA20: 0.6658
    Daily SMA50: 0.6601
    Daily SMA100: 0.6657
    Daily SMA200: 0.6892
Levels:
    Daily High: 0.6884
    Daily Low: 0.6798
    Weekly High: 0.6884
    Weekly Low: 0.6706
    Monthly High: 0.663
    Monthly Low: 0.6424
    Daily Fibonacci 38.2%: 0.6851
    Daily Fibonacci 61.8%: 0.6831
    Daily Pivot Point S1: 0.6825
    Daily Pivot Point S2: 0.6769
    Daily Pivot Point S3: 0.674
    Daily Pivot Point R1: 0.6911
    Daily Pivot Point R2: 0.694
    Daily Pivot Point R3: 0.6996

 

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