NZD/USD Price Analysis: Bulls stay on the way to 0.6400
01.08.2022, 23:45

NZD/USD Price Analysis: Bulls stay on the way to 0.6400

  • NZD/USD holds onto the upside break of 50-DMA at six-week high.
  • Bullish MACD signals, sustained trading above the previous resistance line adds strength to the bulish bias.
  • Mid-June high, 100-DMA lure buyers ahead of June’s peak.

NZD/USD grinds higher around the 1.5-month top after crossing the 50-DMA hurdle the previous day. That said, the Kiwi pair seesaws near 0.6335-40 during Tuesday’s Asian session.

In addition to the 50-DMA breakout, the pair’s successful trading beyond the downward sloping resistance line from April, now support around 0.6140, also keep buyers hopeful. Furthermore, bullish MACD signals and the higher low formation add strength to the bullish bias for the quote.

It’s worth noting that the pair’s further upside could aim for the mid-June swing high near 0.6400. However, the 38.2% Fibonacci retracement of the April-July downturn and the 100-DMA, respectively near 0.6435 and 0.6485, could challenge the NZD/USD buyers afterward.

On the flip side, pullback moves need validation from the 50-DMA level of 0.6302 to recall the sellers.

Following that, the previous resistance line from April and the recent lows, close to 0.6140 and 0.6060 in that order, could lure the NZD/USD bears.

Overall, NZD/USD prices recently crossed the key hurdle to the north and are likely to reverse the three-month-old downtrend.

NZD/USD: Daily chart

Trend: Further upside expected

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik