NZDUSD
Ever since the NZDUSD closed below 200-day SMA, it kept trading down and recently broke more than a year-long ascending trend-line, indicating further declines in direction to 0.6910, 0.6875 and 0.6855-45 horizontal-region. However, the 0.6855-45 might restrict the pair's additional downside and can help it witness recovery, if not, then it becomes vulnerable to extend south-run towards 0.6800 and 0.6770 support-levels. In case if prices fail to provide a daily close below 0.6970 TL, chances of its pullback to 0.7040 and the 0.7070 become imminent. During the pair's extended recovery beyond 0.7070, the 0.7100 round-figure may offer an intermediate halt before fueling it above 200-day SMA figure of 0.7150.
EURNZD
With the EURNZD's successful trading above 100-day SMA, the pair becomes more likely to aim for 200-day SMA figure of 1.5265. Though, a nine-month old descending trend-line, at 1.5340, could limit the pair's further advances, breaking which it can rally towards 1.5450 and the 1.5510 resistances. On the downside, 1.5130 acts as nearby support, breaking which 1.5070 and the 1.5000 psychological-magnet become crucial to observe. Should the quote declines below 1.5000, the 1.4970, comprising 100-day SMA, comes into play, which if broken could further strengthen the Bears to demand 1.4860 and 1.4820 supports-numbers.
NZDJPY
NZDJPY is another example of NZD's weakness wherein the pair dropped below 80.50-55 horizontal-support during last weekend and has been pleasing sellers till now. From the current levels, 78.80 and the 78.40 are likely adjacent supports that the pair can test during its further declines before meeting 77.75-65 support-line. Given the quote fails to respect 77.65 level, it seems wise to expect 200-day mark of 77.00 to appear as a value. Meanwhile, pair's reversal needs to surpass 79.75 and the 100-day SMA figure of 80.10 in order to justify its strength towards revisiting 80.50-55 support-turned-resistance. If prices successfully break 80.55, it makes little or no harm to expect 81.50 and 82.10 numbers towards north.
NZDCAD
Alike NZDUSD, the NZDCAD also broke a medium-term important trend-line support. However, the pair currently struggles to extend its south-run and a closing beyond 0.9375 can negate the breakdown by propelling it to 0.9410, including 200-day SMA. If prices manage to extend the recovery above 0.9410 on daily closing basis, the 0.9470 and 0.9500 might offer intermediate halts before making it confront downward slanting trend-line resistance of 0.9555. Alternatively, pair's continued decline can have 0.9290 & 0.9215 as upcoming supports, breaking them reignites the importance of 0.9200 mark. Should the quote clears 0.9200, it becomes vulnerable to plunge in direction of 0.9080 with 0.9150 likely acting as a buffer stop.
Cheers and Safe Trading,
Anil Panchal