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5 Jul 2018
NZD/USD Technical Analysis: Kiwi moving sideways as the pair struggles to pick a direction
- The Kiwi's technical recovery from a new low has flattened out, NZD/USD has failed to break the last swing high.
- NFP Friday is looming ahead, plus US-China tariffs going both ways, which will keep Dollar traders on the sidelines for now.
- Hourly indicators are mixed as the pair continues to trade flat.
NZD/USD Chart, 1-Hour
| Spot rate: | 0.6765 |
| Relative change: | 0.10% |
| High: | 0.6768 |
| Low: | 0.6750 |
| Trend: | Sideways |
| Support 1: | 0.6725 (61.8% Fibo retracement level) |
| Support 2: | 0.6689 (Major technical bottom) |
| Support 3: | 0.6662 (S2 daily pivot) |
| Resistance 1: | 0.6788 (current week high) |
| Resistance 2: | 0.6807 (R2 daily pivot) |
| Resistance 3: | 0.6921 (previous week high) |