- Analytics
- Market analysis
- Technical Analysis
- NZD/USD shows a strong downtrend
NZD/USD shows a strong downtrend
On the hourly chart, NZD/USD is in a clear downtrend, especially since July 3, when the price broke below key support levels such as 0.6045 and 0.6015. The 200-period moving average (H1) is steadily sloping downward, and the price remains well below it, confirming the bearish momentum. A sharp drop occurred on July 15, with the pair breaking through another significant level at 0.5970. The current price is around 0.5910, marking new local lows, and with no clear support levels below, there is potential for further decline. The MACD indicator is deep in negative territory, with a red histogram and downward-sloping lines, reinforcing the bearish outlook. Overall, technical analysis points to a continuation of the downward movement in NZD/USD.
Resistances are at the marks: 0.5970, 0.6015, 0.6045
An alternative scenario: 0.5880, 0.5860, 0.5845
The main scenario for the pair suggests a break below support at 0.5880 (June 23 low), which could lead to a decline toward 0.5860 (May 15 low).
The alternative scenario assumes a rebound toward 0.5970 (July 16 high), and possibly further up to 0.6015 (July 14 high).
© 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
