NZD/USD Technical Analysis: 0.6700 back in focus now

NZD/USD daily chart

• The NZD/USD pair trades around 0.6730 at the start of Tuesday’s Asian trading.
• The 100-day simple moving average (SMA) near 0.6720 can offer immediate support to the pair’s decline prior to highlighting the 0.6700 round-figure.
• However, an upward sloping trend-line connecting lows since October 2018, at 0.6660 now, could limit the pair’s downside past 0.6700.
• On the upside, the 0.6775 and the 61.8% Fibonacci Retracement of its June-October downturn, at 0.6815, seem crucial resistances to watch.

NZD/USD 4-Hour chart

• While 100-day SMA offers immediate support on D1, the H4 chart clearly portrays the importance of 0.6705-0.6700 support area connecting the lows marked in January 08 and 22.
• Should the pair drops under 0.6700, the 0.6670 and 0.6620 may offer additional supports other than 0.6660 conveyed on daily chart.

NZD/USD hourly chart

• On H1, prices can avail 0.6725 as adjacent rest before slipping to 0.6710 level including 61.8% Fibonacci expansion of its recent slump.
• Meanwhile, the 0.6740 and the descending trend-line figure of 0.6770 can restrict the pair’s nearby upside.

Additional Important Levels: