7 Aug 2018
NZD/USD Technical Analysis: Kiwi still sifting into two year lows
- The Kiwi is slumping back into consolidation lows into the 0.6700 technical barrier as bears keep a firm grip on the NZD/USD.
- The NZD could head into further lows for 2018 if market sentiment doesn't recover enough to allow the pair to springboard off of two-year lows.
NZD/USD Chart, 15-Minute
| Spot rate: | 0.6733 |
| Relative change: | 0.06% |
| High: | 0.6735 |
| Low: | 0.6723 |
| Trend: | Bearish |
| Support 1: | 0.6723 (current day low) |
| Support 2: | 0.6719 (previous week low) |
| Support 3: | 0.6686 (July low) |
| Resistance 1: | 0.6754 (current week high) |
| Resistance 2: | 0.6790 (61.8% Fibo retracement level) |
| Resistance 3: | 0.6834 (previous week high) |