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20 Nov 2018
NZD/USD Technical Analysis: Eyes 200-day MA hurdle
- The NZD/USD pair is bouncing off the ascending (bullish) 5-day simple moving average (SMA) for the second day. That reinforces the bullish view put forward by the higher highs and higher lows seen in the daily chart and the upward sloping 5- and 10-day SMAs.
- The falling channel breakout seen in the hourly chart is also indicating the pullback from the recent high of 0.6883 has ended and the bullish move has resumed.
- As a result, the spot looks set to test the 200-day SMA lined up at 0.6886. A close below the 10-day SMA of 0.6793 would weaken the bullish pressure.
Daily Chart
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Hourly Chart
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Trend: Bullish
NZD/USD
Overview:
Last Price: 0.6847
Daily change: 9.0 pips
Daily change: 0.132%
Daily Open: 0.6838
Trends:
Daily SMA20: 0.6672
Daily SMA50: 0.6608
Daily SMA100: 0.6659
Daily SMA200: 0.689
Levels:
Daily High: 0.6876
Daily Low: 0.6816
Weekly High: 0.6884
Weekly Low: 0.6706
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6839
Daily Fibonacci 61.8%: 0.6853
Daily Pivot Point S1: 0.6811
Daily Pivot Point S2: 0.6784
Daily Pivot Point S3: 0.6752
Daily Pivot Point R1: 0.6871
Daily Pivot Point R2: 0.6903
Daily Pivot Point R3: 0.693