Technical analytics

Fibonacci analysis of NZD/USD

NZDUSD

NZD/USD looks very bullish now. The pair remained in an uptrend and continued its rally on Friday. Thus, bulls were able to overcome the level 0.6800 and to push the NZD to the 0.6840 mark. They lost strength here and the major pulled back to 0.6800 without their support on Monday night.


The Fibonacci level of 23.6% is located in the 0.6840 area. The EMA50 lies in the 0.6750 area acting as an additional support. The EMA200 is defending the 0.6800 level from sellers. The EMA50 is growing, while the EMA200 is neutral. MACD declined in the positive area. Stochastic left the overbought area. The resistance stands at 0.6850, the support is at 0.6800.


Buyers approached a strong resistance level. A failure to break above 0.6850 could lead to a pull back to the 0.6760-0.6750 support zone.