NZD/USD Technical Analysis: bearish RSI divergence seen in 4-hour chart, 5-day SMA support could be tested

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  • The NZD/USD pair is currently trading at 0.6852, down 0.45 percent from Friday's high of 0.6883, and could witness a deeper pullback to ascending (bullish) 5-day EMA of 0.6822, as the 4-hour chart is showing a bearish divergence of the relative strength index.
  • The pullback could be short-lived as the both 5- and 10-day EMAs are trending north, indicating a bullish setup.
  • A daily close below the ascending 10-day EMA would invalidate the bullish setup, allowing a short-term consolidation.

4-hour chart


	NZD/USD Technical Analysis: bearish RSI divergence seen in 4-hour chart, 5-day SMA support could be tested

Trend: Pullback likely

NZD/USD

Overview:
    Last Price: 0.6854
    Daily change: -27 pips
    Daily change: -0.392%
    Daily Open: 0.6881
Trends:
    Daily SMA20: 0.6658
    Daily SMA50: 0.6601
    Daily SMA100: 0.6657
    Daily SMA200: 0.6892
Levels:
    Daily High: 0.6884
    Daily Low: 0.6798
    Weekly High: 0.6884
    Weekly Low: 0.6706
    Monthly High: 0.663
    Monthly Low: 0.6424
    Daily Fibonacci 38.2%: 0.6851
    Daily Fibonacci 61.8%: 0.6831
    Daily Pivot Point S1: 0.6825
    Daily Pivot Point S2: 0.6769
    Daily Pivot Point S3: 0.674
    Daily Pivot Point R1: 0.6911
    Daily Pivot Point R2: 0.694
    Daily Pivot Point R3: 0.6996

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