NZD/USD Technical Analysis: At six-month highs, charts remain constructive

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  • The NZD/USD is currently trading at 0.6950 – the level was last seen on June 18 – having gapped above the 200-day moving average (MA) hurdle yesterday on the back of US-China trade truce.
  • The Kiwi looks set to extend gains further toward 0.70 as the US-Chian trad war pause could keep risk assets better bid ahead of the Christmas holidays. Further, the 14-day relative strength index (RSI) is still isn't showing overbought conditions.
  • The 5- and 10-day moving averages (MAs) are trending north in favor of the bulls. Further, 50-, 100- and 200-candle MAs on the 4-hour chart are aligned in favor of the bulls.
  • The bullish pressures, however, would weaken if the pair finds acceptance below the ascending 10-day EMA of 0.6847.

Daily Chart


	NZD/USD Technical Analysis: At six-month highs, charts remain constructive

4-hour Chart


	NZD/USD Technical Analysis: At six-month highs, charts remain constructive

Trend: Bullish

NZD/USD

Overview:
    Today Last Price: 0.6948
    Today Daily change: 28 pips
    Today Daily change %: 0.405%
    Today Daily Open: 0.692
Trends:
    Previous Daily SMA20: 0.6804
    Previous Daily SMA50: 0.6654
    Previous Daily SMA100: 0.6663
    Previous Daily SMA200: 0.6865
Levels:
    Previous Daily High: 0.6941
    Previous Daily Low: 0.6882
    Previous Weekly High: 0.6887
    Previous Weekly Low: 0.6753
    Previous Monthly High: 0.6887
    Previous Monthly Low: 0.6514
    Previous Daily Fibonacci 38.2%: 0.6918
    Previous Daily Fibonacci 61.8%: 0.6904
    Previous Daily Pivot Point S1: 0.6887
    Previous Daily Pivot Point S2: 0.6855
    Previous Daily Pivot Point S3: 0.6828
    Previous Daily Pivot Point R1: 0.6947
    Previous Daily Pivot Point R2: 0.6974
    Previous Daily Pivot Point R3: 0.7006

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