NZD/USD Technical Analysis: Kiwi is eyeing pullback after creating Doji

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The NZD/USD pair created a Doji candle with a long upper shadow yesterday, signaling bullish exhaustion. As a result, the currency pair could witness a minor pullback today.

Daily chart


	NZD/USD Technical Analysis: Kiwi is eyeing pullback after creating Doji

  • A break below 0.6918 (low of yesterday's doji candle) would confirm a bearish doji reversal or short-term bull-to-beat trend change and allow a drop to the 100-day MA support of 0.6665.
  • A daily close above 0.6969 (Doji high) would signal a resumption of the rally from the Nov. 26 low of 0.6755.

4-hour chart


	NZD/USD Technical Analysis: Kiwi is eyeing pullback after creating Doji

  • Over on the 4-hour chart, the relative strength index (RSI) has rolled over from the overbought territory and the MACD has turned bearish. Therefore, NZD/USD is more likely to explore levels below 0.6918.

Trend: Pullback likely

NZD/USD

Overview:
    Today Last Price: 0.6931
    Today Daily change: 3.0 pips
    Today Daily change %: 0.0433%
    Today Daily Open: 0.6928
Trends:
    Previous Daily SMA20: 0.6817
    Previous Daily SMA50: 0.666
    Previous Daily SMA100: 0.6664
    Previous Daily SMA200: 0.6863
Levels:
    Previous Daily High: 0.697
    Previous Daily Low: 0.6918
    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%: 0.695
    Previous Daily Fibonacci 61.8%: 0.6938
    Previous Daily Pivot Point S1: 0.6907
    Previous Daily Pivot Point S2: 0.6886
    Previous Daily Pivot Point S3: 0.6855
    Previous Daily Pivot Point R1: 0.696
    Previous Daily Pivot Point R2: 0.6991
    Previous Daily Pivot Point R3: 0.7012

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