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NZD/USD Technical Analysis: Kiwi could chart head-and-shoulders on hourly

  • The NZD/USD pair is looking north, having defended 200-day exponential moving average (EMA) for three days straight against the backdrop of the upward sloping (bullish) 5- and 10-day EMAs.
  • However, if it falls back below the 200-day EMA, then it could end up creating a head-and-shoulders pattern with the neckline support of 0.6801.
  • Acceptance below the neckline would open up downside toward 0.6756 (target as per the measured move method).

Hourly Chart

Trend: Bearish below 0.68

NZD/USD

Overview:
    Today Last Price: 0.6825
    Today Daily change: 8.0 pips
    Today Daily change %: 0.117%
    Today Daily Open: 0.6817
Trends:
    Previous Daily SMA20: 0.6746
    Previous Daily SMA50: 0.6796
    Previous Daily SMA100: 0.6685
    Previous Daily SMA200: 0.6792
Levels:
    Previous Daily High: 0.685
    Previous Daily Low: 0.6799
    Previous Weekly High: 0.6845
    Previous Weekly Low: 0.6707
    Previous Monthly High: 0.697
    Previous Monthly Low: 0.6686
    Previous Daily Fibonacci 38.2%: 0.6818
    Previous Daily Fibonacci 61.8%: 0.6831
    Previous Daily Pivot Point S1: 0.6794
    Previous Daily Pivot Point S2: 0.6771
    Previous Daily Pivot Point S3: 0.6743
    Previous Daily Pivot Point R1: 0.6845
    Previous Daily Pivot Point R2: 0.6873
    Previous Daily Pivot Point R3: 0.6896

 

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