- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is trading near a 2-month high
NZD/USD is trading near a 2-month high
Today, since the start of trading, the NZD/USD pair has grown from $0.6300 to $0.6380, reaching a new 2-month high, but during the European session the pair fell to $0.6285, losing all the positions gained. On the hourly chart, the pair remains above the MA (200) H1 moving average line ($0.6250). The situation is similar on the four-hour chart. Technically speaking, a strong resistance level of $0.6380-90 may keep prices from rising further. The lower bound of $0.6205 represents the support level.
Resistances are at the marks: $0.6380-90, $0.6480, $0.6540
An alternative scenario: $0,6275, $0,6205, $0.6165-80
The main scenario of the pair's movement assumes an increase to $0.6380-90 (February 9 and 14 highs)
An alternative scenario implies a breakout of the support of $0.6280 (April 4 low) and there may be a decline to $0.6205 (March 30 and April 3 low)
© 2000-2025. 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
