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NZD/USD Technical Analysis: Adjacent supportline again highlights 0.6970 for buyers

  • The NZD/USD pair remains positive around 0.6900 at the start of Wednesday’s Asian trading. Supporting the pair’s strength is a fortnight long upward sloping trendline at 0.6880 now.
  • As a result, the pair’s gradual advances to the 0.6910 and the 0.6940 can be expected soon before highlighting the 0.6970 for the bulls.
  • Should the quote continue rising past-0.6970, the 0.7000 and the 0.7030 are likely following resistances to appear on the chart.
  • On the downside break of 0.6880, the pair may revisit the 0.6840 and the 0.6800 support levels.
  • In case prices slid under 0.6800, the 0.6750-45 and the 0.6690 might entertain the sellers.

NZD/USD 4-Hour chart

NZD/USD

Overview:
    Today Last Price: 0.6902
    Today Daily change: 0.0007 pips
    Today Daily change %: 0.10%
    Today Daily Open: 0.6895
Trends:
    Daily SMA20: 0.6817
    Daily SMA50: 0.6804
    Daily SMA100: 0.672
    Daily SMA200: 0.6761
Levels:
    Previous Daily High: 0.6907
    Previous Daily Low: 0.6871
    Previous Weekly High: 0.6943
    Previous Weekly Low: 0.6816
    Previous Monthly High: 0.694
    Previous Monthly Low: 0.6516
    Daily Fibonacci 38.2%: 0.6893
    Daily Fibonacci 61.8%: 0.6885
    Daily Pivot Point S1: 0.6875
    Daily Pivot Point S2: 0.6855
    Daily Pivot Point S3: 0.6839
    Daily Pivot Point R1: 0.6911
    Daily Pivot Point R2: 0.6927
    Daily Pivot Point R3: 0.6947

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