- Analytics
- Market analysis
- Technical Analysis
- NZD/USD has grown and is testing MA (200) H1
NZD/USD has grown and is testing MA (200) H1
Today, the NZD/USD pair is trading (from $0.6580 to $0.6620), after falling at the beginning of yesterday's trading to a more than one-week low of $0.6545. On the hourly chart, the pair tests the moving average line MA (200) H1 ($0.6610), while on the four-hour chart it remains below MA (200) H4 ($0.6655). The $0.6655 resistance may keep the NZD/USD from rising further. If it breaks through, the price may rise to $0.6685. On the other hand, a breakout of the $0.6570 support may push the pair down to $0.6545. The most likely range of price movement to date may be hidden within the wide range of $1.6570-1.6655.
⦁ Resistance levels are at: $0.6655, $0.6685, $0.6760
⦁ Support levels are at: $0.6570, $0.6545, $0.6510
The main scenario for the pair's promotion - correction, decline to $0.6570 (September 30 low) and then maybe to $0.6545 (October 8 low)
An alternative scenario - consolidation above MA (200) H1 ($0.6610) and likely growth to $0.6655 (October 1-6 high)
© 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
