Technical Checks For NZD/USD, NZD/JPY, AUD/NZD & NZD/CHF: 29.11.2018


Even after surpassing 200-day SMA for the first time in seven-months, the NZDUSD couldn’t provide a D1 close beyond the same and is presently struggling to clear the 0.6865 barrier, which if conquered on a daily closing basis might fuel the pair to 0.6900 & 0.6920 resistances. However, the 0.6970-75 region can challenge the buyers past-0.6920, if not then the 0.7000 and the 0.7060 may grab market attention. Assuming the pair’s failure to cross the crucial SMA hurdle, the 0.6830 and an upward slanting TL figure of 0.6770 could play their roles of supports. Though, quote’s dip beneath the 0.6770 highlights importance of 0.6710-0.6700 support-zone and the 100-day SMA level of 0.6655.


Inability to sustain break of sixteen-month old descending trend-line drags the NZDJPY back to 77.50 resistance-turned-support but its slide below the same might not hesitate flashing the 77.20 & 76.30 on chart. Given the pair’s sustained downturn after 76.30, the 200-day SMA level of 75.70 & the 75.10 mark, including 50-day SMA, may please the sellers. Alternatively, pair’s reversal from current levels can push it towards 78.15 and the 78.50 resistances. Moreover, the 79.00, the 79.60 and the 80.00 might become Bulls favorite during the pair’s successful rise above 78.50.


AUDNZD’s refrain to register fresh lows can’t even portray its near-term strength unless the 1.0710-15 and the 1.0725 resistances are broke. If at all those numbers fall short of limiting the pair’s advances, 1.0755-60 and the 1.0800 can intermediate halts before fueling it to 1.0855 landmark to north. Meanwhile, the 1.0620, the 1.0600 and the 1.0585 are likely adjacent supports that can keep restricting the pair’s declines, breaking which chances of its plunge 61.8% FE level of 1.0540 can’t be denied.


Having bounced off the 0.6785, the NZDCHF again aims to confront the 0.6845-50 resistance-area that holds the gate for the pair’s upward trajectory to 0.6890. In case prices rally above 0.6890, the 0.6900 round-figure may act as a small halt prior to escalating the up-moves to 61.8% FE level of 0.6935 and then to the 0.7000 psychological-magnet. On the downside, break of 0.6785 can fetch the quote to 0.6745-40, which if brokenĀ  could stretch the south-run to 0.6700 and the 0.6650 rest-points. Should Bears continue dominating sentiments beneath 0.6650, the 0.6600 & the 0.6575 may appear on their radars to target.