NZD/USD, D1

On D1 chart, the instrument is trading near the lower border of Bollinger Bands, the downward trend is still in force, and the price range is extended. MACD histogram is in the negative zone building up volumes; the signal line is crossing its body from above, which is the signal for the opening of short orders. Stochastic is preparing to leave the oversold zone, forming a signal for opening long orders.

NZD/USD, H4

On the H4 chart, a correction of downward movement is observed, the instrument is traded near the upper border of Bollinger Bands, the price range is narrowing. MACD histogram is in the negative zone keeping a weak signal for the opening of short positions. Stochastic is in the neutral zone, and the lines of the oscillator are directed upwards.

Key levels

Support levels: 0.6457, 0.6440, 0.6425.

Resistance levels: 0.6495, 0.6537, 0.6572, 0.6612, 0.6645, 0.6698.

Trading tips

Short positions may be opened from the level of 0.6450 with the target at 0.6400 and stop loss at 0.6480.

Long positions may be opened from 0.6500 with the target at 0.6550 and stop loss at 0.6470.

Implementation time: 2-5 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.681840.6815925

Scenario

TimeframeWeekly
RecommendationsSELL STOP
Entry Point0.6450
Take Profit0.6400
Stop Loss0.6480
Support levels0.6425, 0.6440, 0.6457, 0.6495, 0.6537, 0.6572, 0.6612, 0.6645, 0.6698

Alternative scenario

RecommendationsBUY STOP
Entry Point0.6500
Take Profit0.6550
Stop Loss0.6470
Support levels0.6425, 0.6440, 0.6457, 0.6495, 0.6537, 0.6572, 0.6612, 0.6645, 0.6698
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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