Technical analytics

Fibonacci analysis of NZDUSD

NZDUSD

The New Zealand dollar is once again on the back foot on Wednesday. The major resumed its upbeat momentum in the night jumped to 0.6750. Buyers regained this level at once and dragged the rate up to 0.6790 where the NZD lost strength. The major turned around here and declined back to 0.6760. The EMA200 is still neutral, while the EMA50 kept heading north. MACD remained in the positive area. Stochastic consolidated within the overbought levels. The resistance stands at 0.6800, the support is at 0.6750.


The NZD has room to extend higher to the 0.6830 price zone where the retracement of 100.0% is located.


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