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.
- 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.
- 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
Today Last Price: 0.6931
Today Daily change: 3.0 pips
Today Daily change %: 0.0433%
Today Daily Open: 0.6928
Previous Daily SMA20: 0.6817
Previous Daily SMA50: 0.666
Previous Daily SMA100: 0.6664
Previous Daily SMA200: 0.6863
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