NZD/USD, D1

On the daily chart, the instrument broke down the lower border of Bollinger bands, continuing the downward movement. MACD histogram is in the negative area, the signal line crosses the histogram body downwards, indicating the opening of short positions. Stochastic is on the border with the oversold zone, the signal line is directed downwards.

NZD/USD, H4

On the 4-hour chart, the instrument is falling toward the lower border of Bollinger bands. MACD histogram is in the negative area, keeping the signal to the opening of short positions. Stochastic is preparing to cross the oversold zone downwards, after which a signal to open long positions will be generated.

Key Levels

Resistance levels: 0.6560, 0.6593, 0.6619, 0.6641.

Support levels: 0.6539, 0.6500, 0.6450.

Trading tips

In the short term, it is better to open short positions from the current level with the target at 0.6450 and stop loss 0.6590.

Long positions can be opened from the level of 0.6620 with the target at 0.6675 and the stop loss at 0.6590.

Implementation period: 1–3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.668840.66764120

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.6551
Take Profit0.6450
Stop Loss0.6590
Support levels0.6450, 0.6500, 0.6539, 0.6560, 0.6593, 0.6619, 0.6641

Alternative scenario

RecommendationsBUY STOP
Entry Point0.6620
Take Profit0.6675
Stop Loss0.6590
Support levels0.6450, 0.6500, 0.6539, 0.6560, 0.6593, 0.6619, 0.6641
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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