Technical analytics

Fibonacci analysis of NZDUSD


The New Zealand dollar kept the upbeat tone unchanged vs. its US peer on Monday. The spot started the day at 0.6630. The strength of the bullish sentiment helped buyers to push away from the level and to move higher. They broke the level 0.6650 first and amid a strong bid tone around the NZD the spot was able to reach 0.6670. Investors did not find any reason to lift the Canadian dollar higher and took a breather here. The EMA200 is neutral, while the EMA50 is heading higher. Moreover, the EMA50 crossed the EMA200 upwards. MACD grew in the positive area. RSI stayed in the overbought area. The resistance stands at 0.6700, the support is at 0.6650.

Currently, the price is trading above the resistance level 0.6650 which has already become the support. The potential growth targets are the resistance levels: 0.6680 and 0.6700 (the retracement of 100.00%)

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