News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
NZD/USD Technical Analysis: Range-Bound Near 0.83 Mark

NZD/USD Technical Analysis: Range-Bound Near 0.83 Mark

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • NZD/USD Technical Strategy: Flat
  • Support: 0.8283, 0.8206, 0.8144
  • Resistance:0.8330, 0.8401, 0.8500

The New Zealand Dollar is pausing to consolidate after another push lower against its US namesake brought the currency to a six-month low. Near-term support is at 0.8283, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 0.8206. Alternatively, a turn above the 14.6% Fib at 0.8330 opens the door for a test of support-turned-resistance at 0.8401, the June 4 low.

Prices are wedged too closely between immediate support and resistance levels to justify a trade on the long or short side from a risk/reward perspective. We will continue to stand aside for now, waiting for a more attractive opportunity to present itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

NZD/USD Technical Analysis: Range-Bound Near 0.83 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.