NZD/USD, D1

On the daily chart, the instrument moves sideways along the middle line and the lower border of Bollinger bands, the price range is narrowing. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is in the neutral zone, its signal line is pointing downwards.

NZD/USD, H4

On the 4-hour chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the negative area, keeping the sell signal. Stochastic is around ​​the border with the overbought area, its lines are directed upwards.

Key Levels

Resistance levels: 0.6780, 0.6800, 0.6830, 0.6850, 0.6880.

Support levels: 0.6745, 0.6725, 0.6715, 0.6690.

Trading tips

Short positions can be opened from the current level with the target at 0.6690 and stop loss 0.6830.

Long positions can be opened from the level of 0.6830 with the target at 0.6880 and stop loss 0.6800.

Implementation period: 1–3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.659310.6589635

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.6770
Take Profit0.6690
Stop Loss0.6830
Support levels0.6690, 0.6715, 0.6725, 0.6745, 0.6780, 0.6800, 0.6830, 0.6850, 0.6880

Alternative scenario

RecommendationsBUY STOP
Entry Point0.6830
Take Profit0.6880
Stop Loss0.6800
Support levels0.6690, 0.6715, 0.6725, 0.6745, 0.6780, 0.6800, 0.6830, 0.6850, 0.6880
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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