Technical analytics

Fibonacci analysis of NZD/USD


Sellers attacked the level 0.6800 yesterday. They faced a stiff barrier here and had to leave the market. Buyers took their place and started to move the spot upwards. They reversed a portion of their fresh losses and moved the market to the 0.6840 region.

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.

If the bullish scenario prevails, the spot may probe 0.6850 in the coming sessions.

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