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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

NZD/USD

Overview:
    Today Last Price: 0.6724
    Today Daily change: 16 pips
    Today Daily change %: 0.239%
    Today Daily Open: 0.6708
Trends:
    Previous Daily SMA20: 0.6844
    Previous Daily SMA50: 0.6738
    Previous Daily SMA100: 0.667
    Previous Daily SMA200: 0.6835
Levels:
    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

 

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