- The US dollar is mixed on Monday after falling sharply on Friday.
- NZD / USD maintains bullish bias, positive momentum fades.
The NZD / USD pair is moving sideways around 0.7000 so far Monday, holding on to most of Friday’s gains. Price action remains limited with major pairs trading in small ranges.
DXY is flat for the day, hovering around 92.70. After some weakness seen during the Asian session, the US dollar stabilized and regained ground even amid declining US yields and risk appetite. Market participants ignored the US data and continue to scrutinize Powell’s comments last week. The key report for the week will be the official US employment report on Friday.
From a technical perspective, the NZD / USD will show a bullish bias while above 0.6975. A break above 0.7020 should clear the way for more gains targeting 0.7045. On the other hand, below 0.6970 (20-day SMA), the kiwi would weaken. The next support is 0.6930.
The AUD / NZD has a negative bias and is back near the recent low around 1.0400. If it breaks lower, an acceleration seems likely, which could boost the kiwi across the board.
Technical levels
NZD / USD
| Overview | |
|---|---|
| Today last price | 0.7004 |
| Today’s Daily Change | -0.0008 |
| Today daily change% | -0.11 |
| Today they open every day | 0.7012 |
| Trends | |
|---|---|
| Daily SMA20 | 0.6974 |
| SMA50 daily | 0.6985 |
| SMA100 daily | 0.7087 |
| SMA200 daily | 0.7113 |
| Levels | |
|---|---|
| Previous Daily High | 0.702 |
| Previous Daily Low | 0.6933 |
| Previous weekly high | 0.702 |
| Previous Weekly Low | 0.6822 |
| Previous monthly maximum | 0.7106 |
| Previous Monthly Low | 0.6881 |
| Daily Fibonacci 38.2% | 0.6987 |
| Daily Fibonacci 61.8% | 0.6966 |
| Daily Pivot Point S1 | 0.6957 |
| S2 daily pivot point | 0.6901 |
| S3 Daily Pivot Point | 0.6869 |
| R1 daily pivot point | 0.7044 |
| Daily pivot point R2 | 0.7075 |
| R3 daily pivot point | 0.7131 |
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