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

BuySellSpread
0.680320.67912120

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.6820
Take Profit0.6880
Stop Loss0.6780
Support levels0.6700, 0.6720, 0.6745, 0.6767, 0.6779, 0.6800, 0.6820, 0.6840, 0.6853, 0.6882

Alternative scenario

RecommendationsSELL STOP
Entry Point0.6767
Take Profit0.6700
Stop Loss0.6800
Support levels0.6700, 0.6720, 0.6745, 0.6767, 0.6779, 0.6800, 0.6820, 0.6840, 0.6853, 0.6882
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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