NZD/USD, D1
On the daily chart, an upward movement is being corrected, the instrument is trading between the upper border and the middle line of Bollinger bands. MACD histogram is in the positive region, the signal line crosses the body of the histogram upwards, forming a signal to open long positions. Stochastic is in the neutral zone, the lines of the oscillator are directed downwards.
NZD/USD, H4
On the 4-hour chart, the instrument moves sideways within a corridor formed by the borders of Bollinger bands. MACD histogram is around the zero line, its volumes are minimal. The signal line moves horizontally. Stochastic is in the neutral zone, the signal line of the oscillator is directed upwards.
Key levels
Resistance levels: 0.6820, 0.6840, 0.6853, 0.6882.
Support levels: 0.6800, 0.6779, 0.6767, 0.6745, 0.6720, 0.6700.
Trading tips
Long positions can be opened from the level of 0.6820 with the target at 0.6880 and stop loss 0.6780.
Short positions can be opened from the level of 0.6767 with the target at 0.6700 and stop loss 0.6800.
Implementation period: 2–3 days.
New Zealand Dollar vs US Dollar
| Buy | Sell | Spread |
| 0.68842 | 0.68815 | 27 |
Scenario
| Timeframe | Day's Range |
| Recommendations | BUY STOP |
| Entry Point | 0.6820 |
| Take Profit | 0.6880 |
| Stop Loss | 0.6780 |
| Support levels | 0.6700, 0.6720, 0.6745, 0.6767, 0.6779, 0.6800, 0.6820, 0.6840, 0.6853, 0.6882 |
Alternative scenario
| Recommendations | SELL STOP |
| Entry Point | 0.6767 |
| Take Profit | 0.6700 |
| Stop Loss | 0.6800 |
| Support levels | 0.6700, 0.6720, 0.6745, 0.6767, 0.6779, 0.6800, 0.6820, 0.6840, 0.6853, 0.6882 |
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