NZD/USD, D1

On the daily chart, the instrument is growing towards the upper border of Bollinger bands, the price range is narrowing. MACD histogram is in the negative area; its volumes are decreasing, keeping the signal for opening short positions. Stochastic is on the border with the overbought area and is directed upwards. After crossing the border, a sell signal will be generated.

NZD/USD, H4

On the 4-hour chart, the instrument is traded between the upper border and the middle line of Bollinger bands. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic in the neutral zone, its lines are directed upwards.

Key Levels

Resistance levels: 0.7030, 0.7050, 0.7070, 0.7100.

Support levels: 0.7000, 0.6975, 0.6950, 0.6935, 0.6920, 0.6900, 0.6880.

Trading tips

In the short term, long positions can be opened from the current level with the target at 0.7050 and stop loss 0.6985.

Short positions can be opened from the level of 0.6970 with the target of 0.6920 and stop loss 0.7000.

Implementation period: 1–3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.667450.6671827

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.7019
Take Profit0.7050
Stop Loss0.6985
Support levels0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7030, 0.7050, 0.7070, 0.7100

Alternative scenario

RecommendationsSELL STOP
Entry Point0.6970
Take Profit0.6920
Stop Loss0.7000
Support levels0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7030, 0.7050, 0.7070, 0.7100
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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