5 Nov 2018
NZD/USD Technical Analysis: Bullish revival above seen above 100-day EMA
- The NZD/USD pair closed well above the trendline falling from the April highs on Thursday, confirming a bearish-to-bullish trend change.
- The subsequent failure to close above the 100-day EMA and the pullback to 0.6638 seen today has neutralized the immediate bullish outlook.
- A close above the 100-day EMA would validate the upside break of the falling trendline and would open the doors to a sustained move to 0.6859 (September high).
- A daily close under 0.6514 (Nov. 1 low) may embolden the bears.
Daily Chart
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Trend: Bullish above 100-day EMA
NZD/USD
Overview:
Last Price: 0.6639
Daily change: -7.0 pips
Daily change: -0.105%
Daily Open: 0.6646
Trends:
Daily SMA20: 0.6539
Daily SMA50: 0.6575
Daily SMA100: 0.6667
Daily SMA200: 0.692
Levels:
Daily High: 0.669
Daily Low: 0.6634
Weekly High: 0.669
Weekly Low: 0.6513
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6656
Daily Fibonacci 61.8%: 0.6669
Daily Pivot Point S1: 0.6623
Daily Pivot Point S2: 0.66
Daily Pivot Point S3: 0.6567
Daily Pivot Point R1: 0.668
Daily Pivot Point R2: 0.6713
Daily Pivot Point R3: 0.6736