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16 Jul 2018
NZD/USD Technical Analysis: Kiwi looking to keep moving upwards ahead of Tuesday's CPI
- Kiwi seeing some bullish lift ahead of a thin Monday as markets come back to life.
- Japan markets are celebrating a holiday, and Asia-Pacific trade volumes will be constrained, could see higher-than-usual volatility.
- Kiwi traders will be restrained ahead of Tuesday's key CPI reading for New Zealand.
NZD/USD Chart, 15-Minute
| Spot rate: | 0.6772 |
| Relative change: | 0.25% |
| High: | 0.6776 |
| Low: | 0.6752 |
| Trend: | Bullish |
| Support 1: | 0.6752 (current day low) |
| Support 2: | 0.6744 (61.8% Fibo retracement level) |
| Support 3: | 0.6724 (Friday low) |
| Resistance 1: | 0.6785 (Friday swing high) |
| Resistance 2: | 0.6858 (previous week top) |
| Resistance 3: | 0.6920 (Daily candle swing high) |