Back
19 Feb 2020
NZD/USD Price Analysis: Kiwi trading at fresh 2020 lows ahead of FOMC Minutes
- NZD/USD is under heavy selling pressure ahead of the FOMC Minutes.
- The level to beat for bears is the 0.6360 support.
NZD/USD daily chart
Kiwi/Dollar is trading in a bear trend at fresh 2020 lows while trading below its main SMAs. As the market remains under heavy selling bearish pressure ahead of the FOMC Minutes sellers will be trying to break below the 0.6360 support which can lead to further losses towards the 0.6342 and 0.6322 level, according to the Technical Confluences Indicator. Resistances are seen near the 0.6400, 0.6422 and 0.6448 price levels.
Resistance: 0.6400, 0.6422, 0.6448
Support: 0.6360, 0.6342, 0.6322
Additional key levels