NZD/USD view for the week ahead – support & resistance levels, Trend appears lower,

Technical Analysis

Brief remarks via Kiwi Bank in New Zealand on the New Zealand dollar wee ahead:

  • We see the NZD supported on the downside to 0.6250 now, with lower
    levels from there requiring a break of the key 0.6238 technical
    level. While we have some support at 0.6400 with 0.6370 as the first
    level of downside support, the trend certainly appears to be lower
    for now.
  • In terms of the upside, for now we see NZDUSD capped at
    0.6550/0.6600.

NZD/USD weekly candles:

NZDUSD 09 May 2022 22

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