- NZD/USD is consolidating losses near the 2020 lows.
- The level to beat for buyers is the 0.6360 resistance.
NZD/USD daily chart
Kiwi/Dollar is trading in a bear trend while rebounding modestly from the 2020 lows as the spot is below the main SMAs. However, USD weakness could lead to profit-taking and help the kiwi to rebound especially on a break above the 0.6360 level which could lead to a potential advance towards the 0.6380 and 0.6412 levels. Support is seen near the 0.6300 figure and the 0.6250 level.
Additional key levels