- Analytics
- Market analysis
- Technical Analysis
- NZD/USD falls to near one-month low
NZD/USD falls to near one-month low
Today, the NZD / USD pair continued the decline that began at the beginning of the week and fell to a nearly one-month low of $0.6540. On the hourly chart, the pair is trading below the line of the average MA (200) H1 ($0.6700), and on the four - hour chart-below the MA (200) H4 ($0.6645). A strong support level of $0.6540 may keep NZD / USD from falling further. If it breaks through, the price may drop to $0.6515. The $0.6640 level represents resistance. If it is passed, the pair may follow a correction to $0.6685-0.6700. The most likely range of price movement today may be hidden within the range of $1.6540-1.6640.
⦁ Resistance levels are at: $0.6640, $0.6685-0.6700, $0.6760
⦁ Support levels are at: $0.6515-40, $0.6490, $0.6440
The main scenario for the pair's promotion - it is possible to reduce the pair to $0.6540 (August 26 low) and may be to $0.6515 (August 21-25 low)
An alternative scenario - breakout of the $0.6640 resistance (September 10-11 low) and probable growth to $0.6685-0.6700 (September 22 high, MA (200) H1)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
