NZD/USD, D1

On D1 chart, the uptrend is still in effect, the instrument is traded near the upper border of Bollinger Bands. MACD histogram is in the positive area keeping a strong signal for opening buy orders. Stochastic is in the overbought zone, and the signal line of the oscillator is directed up.

NZD/USD, H4

On H4 chart, there is a correction of the upward movement, and the instrument has corrected to the midline of Bollinger Bands. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is located on the border of the neutral and oversold zones, the oscillator's lines are directed up.

Key levels

Support levels: 0.6907, 0.6886, 0.6853, 0.6837, 0.6820.

Resistance levels: 0.6931, 0.6954, 0.6968.

Trading tips

According to technical indicators, long positions could be opened from the current level with the target at 0.6968 and stop loss at 0.6890.

Short positions may be opened from the level of 0.6880 with the target at 0.6820 and stop loss at 0.6910.

Implementation period: 1-3 days.

New Zealand Dollar vs US Dollar

BuySellSpread
0.68490.6846525

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.6929
Take Profit0.6968
Stop Loss0.6890
Support levels0.6820, 0.6837, 0.6853, 0.6886, 0.6907, 0.6931, 0.6954, 0.6968

Alternative scenario

RecommendationsSELL STOP
Entry Point0.6880
Take Profit0.6820
Stop Loss0.6910
Support levels0.6820, 0.6837, 0.6853, 0.6886, 0.6907, 0.6931, 0.6954, 0.6968
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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