8 Aug 2018
NZD/USD Technical Analysis: Bulls can't sustain a push over 0.68
- The Kiwi is grinding near recent swing lows, trading into familiar bottoms amid consolidation.
- The pair is struggling to develop bullish momentum off of 0.6700, and failure to snap out of swing highs near 0.6800 could see the NZD/USD drifting into new lows for 2018.
NZD/USD Chart, 15-Minute
| Spot rate: | 0.6732 |
| Relative change: | Negligible |
| High: | 0.6741 |
| Low: | 0.6727 |
| Trend: | Sideways |
| Support 1: | 0.6727 (current day low) |
| Support 2: | 0.6719 (previous week low) |
| Support 3: | 0.6686 (2018 technical bottom) |
| Resistance 1: | 0.6755 (current week high) |
| Resistance 2: | 0.6790 (61.8% Fibo retracement level) |
| Resistance 3: | 0.6834 (previous week low) |