The currency pair NZD/USD is currently being traded at a rate of 0.6154, which signifies a slight increase of 0.11%.

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• NZD/USD is trading at 0.6154, showing minimal gains of 0.11%.

The pair currently trades last at 0.61551.

The previous day high was 0.6154 while the previous day low was 0.6105. The daily 38.2% Fib levels comes at 0.6135, expected to provide support. Similarly, the daily 61.8% fib level is at 0.6124, expected to provide support.

NZD/USD is still consolidated despite breaching previous resistance at the 20-day Exponential Moving Average (EMA) at 0.6125. However, failure to clear the 50-day EMA at 0.6167, the NZD/USD pair trimmed some of its gains, registering a gain of 0.43%. As the Asian session commences, the NZD/USD trades at 0.6154, reporting minimal gains of 0.11%.

The NZD/USD is neutral to a downward bias, albeit breaking a downslope resistance trendline that intersects with the 50-day EMA. For the NZD/USD to shift the bias to neutral, buyers must reclaim the May 12 swing low-turned resistance at 0.6182 before the NZD/USD could challenge the 0.62 handle. On the other hand, to resume its bearish bias, the NZD/USD needs to drop below the 20-day EMA at 0.6124 for the pair to extend its losses.

In the outcome of the latter scenario, the next support would be April 26, low at 0.6111. A break below that area and the NZD/USD would surpass the next support at 0.6100 as the pair continues to test the June 8 low of 0.6032. Once cleared, the year-to-date (YTD) low would be up for grabs at 0.5985.

From an oscillator point of view, bullish signals are emerging but are still in the early stages of a shift to a neutral bias. The Relative Strength Index (RSI) is slightly above 50-midline; while the three-day Rate of Change (RoC) portrays buyers are losing momentum. Hence, the bias is mixed.

Technical Levels: Supports and Resistances

NZDUSD currently trading at 0.6151 at the time of writing. Pair opened at 0.6123 and is trading with a change of 0.46 % .

The pair is trading above its 20 Daily moving average @ 0.6119, below its 50 Daily moving average @ 0.6185 , below its 100 Daily moving average @ 0.623 and above its 200 Daily moving average @ 0.6149

The previous day high was 0.6154 while the previous day low was 0.6105. The daily 38.2% Fib levels comes at 0.6135, expected to provide support. Similarly, the daily 61.8% fib level is at 0.6124, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.6101, 0.6078, 0.6052
• Pivot resistance is noted at 0.615, 0.6176, 0.6199

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