NZD/USD, D1

On the daily chart, the instrument is going down towards the lower border of Bollinger Bands; the price range is widened, which reflect the possible development of the downward movement. MACD histogram is around the zero line, its volumes are minimal, and the signal line is moving horizontally. Stochastic has entered the oversold area, forming a signal to open long positions.

NZD/USD, H4

On the 4-hour chart, the pair is going down along the lower border of Bollinger Bands, the price range is widened. MACD histogram is in the negative zone, the signal line crosses the histogram’s body downwards, forming a signal to open signal to open short positions. Stochastic is in the oversold area, its lines are pointed horizontally.

Key levels

Resistance levels: 0.7198, 0.7210, 0.7226, 0.7244, 0.7258, 0.7280, 0.7300.

Support levels: 0.7188, 0.7152, 0.7138, 0.7102, 0.7072.

Trading tips

Short positions can be opened at the current level with the target at 0.7100 and stop loss 0.7210. Implementation period: 1–3 days.

Long positions can be opened at the level of 0.7230 with the target at 0.7280 and stop loss 0.7200. Implementation period: 3–5 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.667410.6671724

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.7191
Take Profit0.7100
Stop Loss0.7210
Support levels0.7072, 0.7102, 0.7138, 0.7152, 0.7188, 0.7198, 0.7210, 0.7226, 0.7244, 0.7258, 0.7280, 0.7300

Alternative scenario

RecommendationsBUY STOP
Entry Point0.7230
Take Profit0.7280
Stop Loss0.7200
Support levels0.7072, 0.7102, 0.7138, 0.7152, 0.7188, 0.7198, 0.7210, 0.7226, 0.7244, 0.7258, 0.7280, 0.7300
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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