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22 Jun 2018
NZD/USD Technical Analysis: Kiwi races into 0.69 as the USD softens for Friday
- The Kiwi is capitalizing on Greenback weakness, climbing into 0.69 as the USD retreats across the G10 currency pairs.
- A lack of NZD-boosting data leaves the move one-sided, a reversal in risk flows will quickly erase upside potential.
- Hourly indicators are quickly heading towards overbought territory, a technical stall could set in before the week's end.
NZD/USD Chart, 15-Minutes
| Spot rate: | 0.6904 | |
| Relative change: | 0.68% | |
| High: | 0.6905 | |
| Low: | 0.6850 | |
| Trend: | Bullish | |
| Support 1: | 0.6850 | (current day low) |
| Support 2: |
0.6825 |
(current week low; technical bottom) |
| Support 3: | 0.6776 | (S3 daily pivot) |
| Resistance 1: | 0.6916 | (June 20th swing high) |
| Resistance 2: | 0.6955 | (current week high) |
| Resistance 3: | 0.7053 | (previous week high) |