- Analytics
- Market analysis
- Technical Analysis
- NZD/USD shows recovery
NZD/USD shows recovery
Today, on the hourly chart, the NZD/USD pair is showing recovery, confidently overcoming the MA (200) H1 moving average and gaining a foothold above the 0.5900 level, which indicates a change in the short-term trend towards growth. The current price is approaching the resistance level of 0.5970, and in case of its breakdown, the next target will be the 0.59750 zone. The MACD indicator shows a growing histogram in the positive zone, confirming the buying impulse and the predominance of bullish sentiment. The supports are at 0.5890 and further at 0.5860, and as long as the price remains above these levels, the potential for further growth remains. The overall picture indicates an increase in the upward momentum, subject to a breakdown of the nearest resistance.
Resistances are at the marks: 0.5970-75, 0.6020-30, 0.6060
An alternative scenario: 0.5890, 0.5860, 0.5845
The main scenario of the pair's movement implies a breakout of the session highs of 0.5970 (May 14 and 21 high) and 0.5975 (May 8 high) and there may be an increase to 1.6020 (May 7 high)
The alternative scenario assumes a decline to 0.5890 (May 22 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
