NZD/USD Price Analysis: Pullback remains elusive beyond 0.6230
02.12.2022, 02:20

NZD/USD Price Analysis: Pullback remains elusive beyond 0.6230

  • NZD/USD retreats from a four-month high, snaps three-day uptrend after refreshing multi-day top.
  • 61.8% Fibonacci retracement level probes buyers amid overbought RSI.
  • Convergence of 200-DMA, monthly support line restricts immediate downside.

NZD/USD pares recent gains at the highest levels since early August as it prints mild losses around 0.6365 during early Friday.

In doing so, the Kiwi pair retreats from the 61.8% Fibonacci retracement level of the pair’s April-October moves, near 0.6460, amid the overbought RSI (14).

That said, the 50% Fibonacci retracement level near 0.6275 lures intraday sellers before highlighting the 0.6230 support confluence, encompassing the 200-DMA and a one-month-old ascending trend line.

Should the quote remains bearish past 0.6230, the odds of witnessing a south-run towards the previous resistance line from early April, near 0.6090, can’t be ruled out.

Alternatively, a daily closing beyond the 61.8% Fibonacci retracement level surrounding 0.6460, also known as the golden ratio, becomes necessary for the NZD/USD buyer’s return.

Following that, a horizontal area around 0.6570 including the tops marked in May and June will be crucial to watch as a break which could give a free hand to the bulls targeting March’s low near 0.6730.

Overall, NZD/USD is likely to decline further but the downside appears limited.

NZD/USD: Daily chart

Trend: Limited downside 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