Technical analytics

Fibonacci analysis of NZDUSD


The NZD/USD pair remained in an uptrend on Tuesday. Sellers' attempt to retake the level 0.6700 failed. The EMA50 defended this region and rejected the NZD higher. The pair moved to 0.6750 where the buying pressure eased a bit and the rate slowed down its advance. Anyway, bulls preserved control and pushed the pair towards 0.6780. The moving averages are going north. MACD approached the mid-line. Stochastic reached the overbought area. The resistance stands at 0.6800, the support is at 0.6750.

The pair now seems to be heading towards its immediate resistance near 0.6800.

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