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27 Jul 2018
NZD/USD Technical Analysis: Kiwi slips 0.68 as markets favor USD
- Overall markets are broadly Dollar-bullish, leaving the Kiwi to sink into recent consolidation.
- A lack of news for the NZD and a quiet Reserve Bank of New Zealand (RBNZ) leave the Kiwi in the lurch, at the mercy of overall Greenback action.
NZD/USD Chart, 15-Minute
| Spot rate: | 0.6777 |
| Relative change: | -0.04% |
| High: | 0.6787 |
| Low: | 0.6772 |
| Trend: | Bearish |
| Support 1: | 0.6768 (current week low) |
| Support 2: | 0.6749 (61.8% Fibo retracement level) |
| Support 3: | 0.6712 (previous week low) |
| Resistance 1: | 0.6824 (July 24th swing high) |
| Resistance 2: | 0.6850 (current week high) |
| Resistance 3: | 0.6878 (R2 daily pivot) |