Technical analytics

Fibonacci analysis of NZD/USD


NZD/USD remained in bulls' hands. They brought the currency pair to the 0.6800 hurdle where the upward momentum lost legs. The spot touched the level and eased to 0.6780. The spot stayed here the whole day. The buying pressure increased in the night and the spot moved to 0.6820.

The Fibonacci level of 38.2% is located in the 0.6750 area. The EMA50 lies in the 0.6700 area acting as an additional support. The EMA200 is defending the 0.6800 level from sellers. The EMA50 is growing, while the EMA200 is moving downwards. MACD grew in the positive area. Stochastic returned to the overbought area. The resistance stands at 0.6850, the support is at 0.6800.

The buying mode in NZD/USD could continue during Friday’s sessions. In this potential scenario the NZD/UZD pair might visit 0.6850.

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