NZD/USD holding above 0.6700 for the time being
- Kiwi opens thin for the new week, seeing limited bids into 0.6725.
- Market risk sentiment remains skewed towards the downside as political tensions throw investors for a loop.
NZD/USD is seeing cautious upside for Monday's open, pushing upwards from the 0.6700 handle to challenge 0.6730, though market volumes will be remaining restrained with nothing of note on the economic calendar, and Japanese markets on holiday for the Emperor's Birthday, with the Christmas shutdown waiting on Tuesday.
Last week saw the Kiwi slide from 0.6880 to a new low of 0.6705, and Monday action is only seeing limited upside, with near-term resistance priced in at 0.6730 with further resistance from the previous week's open near 0.6780, and as broader market concerns continue to see risk appetite lagging, the NZD is unlikely to find much bullish momentum heading into the new year.
NZD/USD Technical Levels
Today Last Price: 0.6724
Today Daily change: 16 pips
Today Daily change %: 0.239%
Today Daily Open: 0.6708
Previous Daily SMA20: 0.6844
Previous Daily SMA50: 0.6738
Previous Daily SMA100: 0.667
Previous Daily SMA200: 0.6835
Previous Daily High: 0.6791
Previous Daily Low: 0.6706
Previous Weekly High: 0.6881
Previous Weekly Low: 0.6706
Previous Monthly High: 0.6887
Previous Monthly Low: 0.6514
Previous Daily Fibonacci 38.2%: 0.6738
Previous Daily Fibonacci 61.8%: 0.6759
Previous Daily Pivot Point S1: 0.6679
Previous Daily Pivot Point S2: 0.665
Previous Daily Pivot Point S3: 0.6594
Previous Daily Pivot Point R1: 0.6764
Previous Daily Pivot Point R2: 0.682
Previous Daily Pivot Point R3: 0.6849