Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
NZD/USD Technical Analysis: Capped Below February High

NZD/USD Technical Analysis: Capped Below February High

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

Talking Points:

  • NZD/USD Technical Strategy:Flat
  • Support: 0.7540, 0.7514, 0.7479
  • Resistance:0.7573, 0.7619, 0.7680

The New Zealand Dollar is struggling to secure a foothold above February’s swing high as prices continue to stall below the 0.76 figure against its US counterpart. A daily close above the 38.2% Fibonacci expansion at 0.7573 exposes the 50% level at 0.7619. Alternatively, a move below channel support at 0.7540 clears the way for a test of the 23.6% Fib at 0.7514.

Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.

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

Daily Chart - Created Using FXCM Marketscope

--- Written by Ilya Spivak, Currency Strategist for

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