- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is trading near the lows of May 2020
NZD/USD is trading near the lows of May 2020
Today, the NZD/USD pair is declining from $0.6000 to $0.5940 - near the lows of May 2020. On the hourly chart, the pair dropped below the MA (200) H1 moving average line ($0.6040). On the four-hour chart, NZD/USD remains below MA (200) H4 ($0.6180). Technically speaking, the support of $0.5940 can keep prices from further decline. The upper limit of $0.6025-40 represents the resistance level.
Resistances are at the marks: $0,6000, $0,6025-40, $0,6095
An alternative scenario: $0,5940, $0,5910-20, $0,5840
The main scenario of the pair's movement implies a breakout of the support of $0.5940 (September 16 low), followed by a possible decline to $0.5910-20 (April 23 and May 15’ 2020 lows)
An alternative scenario for the pair's promotion implies a breakout of the session maximum of $0.6000 and there may be an increase to $0.6025-40 (September 14 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
