Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: NZD/USD recovers slightly from fresh session lows of 0.6620

  • NZD/USD continues to remain undermined following the latest downbeat building consents data and a broadly strong dollar.

  • FOMC offered no cues on rate-hike timings although acknowledged improving US economy which boosted the USD broadly.

  • New Zealand's building consents fell a seasonally adjusted 4.1 percent in June compared with no change in May, data showed on Wednesday.

  • NZD/USD currently trades 0.6631, recovering slightly from fresh session lows of 0.6620.

  • Immediate resistance is located at 0.6646 (4h Kijun-Sen) and then at 0.6698 (July 23 High) levels, above which it could extend gains 0.6716 (July 28 High).

  • To the downside immediate support might be located at 0.6612 (4h Cloud Top) below that at 0.6601 (Daily Low Jul 28).

Resistance Levels:

R1: 0.6646 (4h Kijun-Sen)

R2: 0.6679 (4h Tenkan-Sen)

R3: 0.6740 (4h 200 MA)

Support Levels:

S1: 0.6612 (4h Cloud Top)

S2: 0.6601 (Daily Low Jul 28)

S3: 0.6596 (10-Day MA)

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.