Technical analytics

Fibonacci analysis of NZD/USD


The NZD remained under heavy selling pressure yesterday. The major pressured the level of 0.6750 in the night and broke the level during the day trades. Sellers dragged the spot to the 0.6725 area. The selling pressure eased and the rate returned to 0.6750.

The Fibonacci level 38.2% is in the 0.6760 region, acting as an additional resistance. The EMA200 is defending the 0.6800 level. The EMA50 turned neutral, while the EMA200 is still moving downwards. MACD declined in the positive area. Stochastic consolidated within the oversold readings. The resistance stands at 0.6800, the support is at 0.6750.

If the bearish scenario prevails, the NZD/USD pair may visit 0.6700 in the coming days.

New articles