NZD/USD, D1

On the daily chart, the instrument has broken the upper border of Bollinger Bands and has slowed the strengthening. The price range is widened, which reflects the possibility of the upward movement development. MACD histogram is around the zero line, its volumes are minimal, and the signal line is moving horizontally. Stochastic is at the border of the overbought area, its lines are directed upwards.

NZD/USD, H4

On the 4-hour chart, the upward movement is in the correction, the instrument is trading around the upper border of Bollinger Bands, and the price range is widened. MACD histogram is in the positive zone, the signal line crossed the histogram’s body upwards, giving a signal to open long positions. Stochastic has left the overbought area and formed a signal to open short positions; its lines are pointed downwards.

Key levels

Resistance levels: 0.7360, 0.7380, 0.7400, 0.7420.

Support levels: 0.7335, 0.7315, 0.7300, 0.7280, 0.7258, 0.7244, 0.7226.

Trading tips

Long positions can be opened at the current level with the target at 0.7400 and stop loss 0.7330. Implementation period: 1–3 days.

Short positions can be opened at the level of 0.7300 with the target at 0.7250 and stop loss 0.7330. Implementation period: 3–5 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.669080.6687632

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.7356
Take Profit0.7400
Stop Loss0.7330
Support levels0.7226, 0.7244, 0.7258, 0.7280, 0.7300, 0.7315, 0.7335, 0.7360, 0.7380, 0.7400, 0.7420

Alternative scenario

RecommendationsSELL STOP
Entry Point0.7300
Take Profit0.7250
Stop Loss0.7330
Support levels0.7226, 0.7244, 0.7258, 0.7280, 0.7300, 0.7315, 0.7335, 0.7360, 0.7380, 0.7400, 0.7420
NZD/USD: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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