English
Français
Deutsch
Español
日本語
ελληνικά
العربية
中文
Dansk
A move above will most likely be capped at .7350 thus establishing a double top resistance. Indicators point to a slowing trend with ADX (DMI) falling to 22.58. The daily Stochastic is neutral at 66.11 with 4-hour chart Stochastic also neutral at 68.78. RSI is neutral at 51.08 on the daily chart as well as on the dealer (4HR) chart at 61.00. MACD has made a bullish crossover below the zero line on the daily chart and has climbed above the zero line on the 4-hour chart. In case the NZD bulls fail to breach the .7200 figure and fall back, the next level they will most likely find some support will be .6950.
Key Levels
|
Resistance |
Details |
|
|
.7251 |
Major |
May 10 spike low |
|
.7213 |
Intermediate |
61.8 Fib of the .7377-.6950 USD rally |
|
.7193 |
Minor |
May 13 daily spike high |
|
Level |
Support |
Details |
|
.7088 |
Minor |
20-day SMA |
|
.7050 |
Intermediate |
23.6 Fib of the .7377-.6950 USD rally |
|
.7016 |
Major |
June 6 daily low |
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
