3 Sep 2018
NZD/USD Technical Analysis: Stuck near 0.66
- Kiwi traders looking to mark in a bottom after last week's slide from 0.67, but bearish pressure remains at the forefront.
- It's a thin week for the NZD on the economic calendar, and broader market sentiment is keeping one foot firmly in safe-havens.
- Monday is a long weekend for US traders; Tuesday promises a fresh injection of USD-denominated liquidity.
NZD/USD Chart, 1-Hour
| Spot rate: | 0.6601 |
| Relative change: | -0.30% |
| High: | 0.6622 |
| Low: | 0.6593 |
| Trend: | Bearish |
| Support 1: | 0.6593 (current day low) |
| Support 2: | 0.6544 (one month low; major technical bottom) |
| Support 3: | 0.6500 (major technical level) |
| Resistance 1: | 0.6661 (Friday high) |
| Resistance 2: | 0.6676 (one-week Fibo 61.8% level) |
| Resistance 3: | 0.6727 (previous week high) |