NZD/USD: technical analysis

NZD/USD, D1

On the daily chart, the pair is growing along the upper border of Bollinger Bands; the price range is widened, which reflects the possibility of development of the upward trend. MACD histogram is in the positive zone, keeping the steady signal to open long positions. Stochastic is crossing the border of the overbought area downward, forming a signal to open short positions.

NZD/USD, H4

On the 4-hour chart, the instrument is moving sideways within the narrow channel, formed by the upper border and middle line of Bollinger Bands. MACD histogram is in the positive zone, keeping a signal to open long positions. Stochastic is in the neutral zone, its lines are pointed downwards.

Key levels

Resistance levels: 0.7330, 0.7380, 0.7435.

Support levels: 0.7280, 0.7250, 0.7233, 0.7200, 0.7175.

Trading tips

Long positions can be opened at the current level with the target at 0.7380 and stop loss 0.7260. Implementation period: 1–3 days.

Short positions can be opened at the level of 0.7230 with the target at 0.7130. Stop loss is 0.7280. Implementation period: 3–5 days.

New Zealand Dollar vs US Dollar

Buy Sell Spread
0.72959 0.72933 26

Scenario

Timeframe Day’s Range
Recommendations BUY
Entry Point 0.7293
Take Profit 0.7380
Stop Loss 0.7260
Support levels 0.7175, 0.7200, 0.7233, 0.7250, 0.7280, 0.7330, 0.7380, 0.7435

Alternative scenario

Recommendations SELL STOP
Entry Point 0.7230
Take Profit 0.7130
Stop Loss 0.7280
Support levels 0.7175, 0.7200, 0.7233, 0.7250, 0.7280, 0.7330, 0.7380, 0.7435

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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