NZD/USD, D1

On the D1 chart, the instrument demonstrates sideways movement within the corridor formed by the center and lower lines of Bollinger Bands; the price range is narrowing. MACD histogram is in the negative zone keeping a signal for opening short positions. Stochastic is in the neutral area, and the lines of the oscillator are directed upwards.

NZD/USD, H4

On the H4 chart the instrument is trading between the upper and center lines of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal. Stochastic is located at the border of the neutral zone with the overbought area, the oscillator lines are reversing downwards.

Key levels

Support levels: 0.6745, 0.6725, 0.6715, 0.6690.

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

Trading tips

According to the technical indicators, opening of short positions from the current level with the target at 0.6725 and stop loss at 0.6785 is preferable in the short term.

Long positions may be opened from the level of 0.6840 with target at 0.6880. Stop loss — 0.6820.

Implementation period: 1-3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.658790.6585623

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.6755
Take Profit0.6725
Stop Loss0.6785
Support levels0.6690, 0.6715, 0.6725, 0.6745, 0.6780, 0.6800, 0.6830, 0.6850, 0.6880

Alternative scenario

RecommendationsBUY STOP
Entry Point0.6840
Take Profit0.6880
Stop Loss0.6820
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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