NZD/USD Technical Analysis: Kiwi could chart head-and-shoulders on hourly
- The NZD/USD pair is looking north, having defended 200-day exponential moving average (EMA) for three days straight against the backdrop of the upward sloping (bullish) 5- and 10-day EMAs.
- However, if it falls back below the 200-day EMA, then it could end up creating a head-and-shoulders pattern with the neckline support of 0.6801.
- Acceptance below the neckline would open up downside toward 0.6756 (target as per the measured move method).
Hourly Chart
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Trend: Bearish below 0.68
NZD/USD
Overview:
Today Last Price: 0.6825
Today Daily change: 8.0 pips
Today Daily change %: 0.117%
Today Daily Open: 0.6817
Trends:
Previous Daily SMA20: 0.6746
Previous Daily SMA50: 0.6796
Previous Daily SMA100: 0.6685
Previous Daily SMA200: 0.6792
Levels:
Previous Daily High: 0.685
Previous Daily Low: 0.6799
Previous Weekly High: 0.6845
Previous Weekly Low: 0.6707
Previous Monthly High: 0.697
Previous Monthly Low: 0.6686
Previous Daily Fibonacci 38.2%: 0.6818
Previous Daily Fibonacci 61.8%: 0.6831
Previous Daily Pivot Point S1: 0.6794
Previous Daily Pivot Point S2: 0.6771
Previous Daily Pivot Point S3: 0.6743
Previous Daily Pivot Point R1: 0.6845
Previous Daily Pivot Point R2: 0.6873
Previous Daily Pivot Point R3: 0.6896