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FxWirePro: NZD/USD pauses downside at 4H 200-SMA support at 0.68, stay short on break below

NZD/USD chart on Trading View used for analysis

  • NZD/USD has halted downside at 4H 200-SMA support at 0.68 level.
     
  • The pair is edging lower as the kiwi is tracking weakness in the Australian dollar.
     
  • The antipodeans await clues from the two-day Washington visit by China’s Vice Premier Liu He.
     
  • With no major data scheduled from New Zealand during Thursday, focus shall be on the US-China trade talks.
     
  • Technical indicators on the intraday charts have turned bearish. Scope for weakness till 200-DMA at 0.6752.
     
  • 5-DMA has turned and is immediate resistance at 0.6854. Break above negates bearish bias.

Support levels - 0.6808 (4H 200-SMA), 0.6776 (110-EMA), 0.6752 (200-DMA)

Resistance levels - 0.6830 (20-DMA), 0.6853 (5-DMA), 0.6893 (Feb 18 high)    

Recommendation: Stay short below 0.68, SL: 0.6830, TP: 0.6775/ 0.6755

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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Previous

48.6 %

January 31 00:00 UTC 819938819938m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 819938819938m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 831758831758m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 819938819938m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 831758831758m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 819938819938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819938819938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819938819938m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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