NZD/USD Technical Analysis: At session highs, but struggling to force a break above 50-day MA
- The NZD/USD pair clocked a session high of 0.6757 a few minutes before press time, having picked up a bid at 0.6720 in Asia amid broad-based USD selling.
- The pair, however, is struggling to cross the 50-day moving average (MA) hurdle for the third day straight. A break above that MA hurdle would expose the confluence of the falling trendline and inverse head-and-shoulders neckline resistance (former support) located at 0.68.
- A daily close above 0.68 would signal a bearish-to-bullish trend change.
- Repeated failure to take out the 50-day MA could embolden the bears.
Trend: Bullish above 0.68
Today Last Price: 0.6753
Today Daily change: 29 pips
Today Daily change %: 0.431%
Today Daily Open: 0.6724
Previous Daily SMA20: 0.6752
Previous Daily SMA50: 0.6779
Previous Daily SMA100: 0.6679
Previous Daily SMA200: 0.6804
Previous Daily High: 0.6761
Previous Daily Low: 0.6707
Previous Weekly High: 0.6843
Previous Weekly Low: 0.6516
Previous Monthly High: 0.697
Previous Monthly Low: 0.6686
Previous Daily Fibonacci 38.2%: 0.6728
Previous Daily Fibonacci 61.8%: 0.674
Previous Daily Pivot Point S1: 0.67
Previous Daily Pivot Point S2: 0.6677
Previous Daily Pivot Point S3: 0.6646
Previous Daily Pivot Point R1: 0.6754
Previous Daily Pivot Point R2: 0.6784
Previous Daily Pivot Point R3: 0.6808