Back
15 Aug 2018
NZD/USD Technical Analysis: Floor at 0.6550 looking weak
- A sluggish Kiwi sees little bullish rebound against the Greenback after last week's fear-induced decline.
- A thin calendar for the NZD this week sees market sentiment largely in the driver's seat.
- Buyers are struggling to develop wheels under a bullish correction from 0.6550 as technical indicators bleed out their oversold signals.
NZD/USD Chart, 15-Minute
| Spot rate: | 0.6574 |
| Relative change: | Negligible |
| High: | 0.6576 |
| Low: | 0.6566 |
| Trend: | Sideways |
| Support 1: | 0.6566 (current day low) |
| Support 2: | 0.6557 (current week low) |
| Support 3: | 0.6500 (major technical level) |
| Resistance 1: | 0.6610 (current week high) |
| Resistance 2: | 0.6684 (61.8% Fibo retracement level) |
| Resistance 3: | 0.6762 (previous week high) |