NZD/USD, D1

On the daily chart, the instrument is growing along the upper border of Bollinger bands; the price range is extended, indicating a possible continuation of growth. MACD histogram is in the negative area, reducing volumes, the signal line is preparing to cross the zero line upwards, after which a buy signal will be received. Stochastic is in the neutral zone, the oscillator lines are directed downwards.

NZD/USD, H4

On the 4-hour chart, the instrument is moving within a sideways channel formed by the borders of Bollinger bands. MACD histogram is in the positive area, keeping a buy signal, volumes are minimal. Stochastic is in the neutral zone, the signal line of the oscillator is directed downwards.

Key Levels

Resistance levels: 0.7050, 0.7070, 0.7100.

Support levels: 0.7030, 0.7010, 0.7000, 0.6975, 0.6950, 0.6935, 0.6920, 0.6900, 0.6880.

Trading tips

Long positions can be opened from the current level with the target at 0.7100 and stop loss 0.7010.

Short positions can be opened from the level of 0.7000 with the target at 0.6950 and stop loss 0.7030.

Implementation period: 1–3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.677650.6774124

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.7035
Take Profit0.7100
Stop Loss0.7010
Support levels0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7010, 0.7030, 0.7050, 0.7070, 0.7100

Alternative scenario

RecommendationsSELL STOP
Entry Point0.7000
Take Profit0.6950
Stop Loss0.7030
Support levels0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7010, 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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