NZD/USD, D1

On the daily chart, the instrument was corrected to the midline of Bollinger bands, the price range narrowed. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is preparing to leave the overbought area, the signal line of the oscillator is reversed downwards.

NZD/USD, H4

On the 4-hour chart, the instrument moves sideways within Bollinger bands. MACD histogram is in the positive area, smoothly reducing its volumes. Stochastic is around ​​the border of the oversold area, the oscillator lines are directed downwards.

Key Levels

Resistance levels: 0.6920, 0.6935, 0.6950, 0.6975, 0.7000.

Support levels: 0.6800, 0.6779, 0.6745, 0.6715, 0.6690.

Trading tips

In the short term, short positions can be opened from the level of 0.6800 with the target at 0.6745 and stop loss 0.6830.

Long positions can be opened from the level of 0.6880 with the target at 0.6935. Stop loss is 0.6850.

Implementation period: 1–3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.677620.6773824

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.6803
Take Profit0.6745
Stop Loss0.6830
Support levels0.6690, 0.6715, 0.6745, 0.6779, 0.6800, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000

Alternative scenario

RecommendationsBUY STOP
Entry Point0.6880
Take Profit0.6935
Stop Loss0.6850
Support levels0.6690, 0.6715, 0.6745, 0.6779, 0.6800, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000
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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