16 Aug 2018
NZD/USD Technical Analysis: kicks higher alongside the Aussie
- The Kiwi kicked into 0.6575 after the Aussie employment data saw a volatility spike in the AUssie drag the NZD/USD along as the Antipodeans see a brief spark of life.
- Data is thin this week for the NZD and the Kiwi-Dollar pairing is at the mercy of broader market sentiment.
- The NZD is testing into 30-month lows as the US Dollar climbs atop the G20 currency pile.
NZD/USD Chart, 15-Minute
| Spot rate: | 0.6575 |
| Relative change: | 0.27% |
| High: | 0.6582 |
| Low: | 0.6554 |
| Trend: | Sideways to bearish |
| Support 1: | 0.6554 (current day low) |
| Support 2: | 0.6543 (previous week low; major technical bottom) |
| Support 3: | 0.6500 (major technical level) |
| Resistance 1: | 0.6609 (current week high) |
| Resistance 2: | 0.6678 (61.8% Fibo retracement level) |
| Resistance 3: | 0.6762 (previous week high) |