NZD/USD Price Analysis: Recovery seeks validation from 200-DMA below 0.6200
27.02.2023, 23:33

NZD/USD Price Analysis: Recovery seeks validation from 200-DMA below 0.6200

  • NZD/USD struggles to defend the week-start bounce off three-month low.
  • Bullish candlestick formation, oversold RSI underpin recovery hopes.
  • Three-week-old descending resistance line, previous support from November add to the upside filters.

NZD/USD seesaws around 0.6160-65 amid early Tuesday, following a week-start bounce off the lowest level since November.

In doing so, the Kiwi pair jostles with the 200-DMA hurdle after posting a bullish candlestick on the daily chart, namely the Dragonfly Doji.

Not only the upbeat candlestick formation but the oversold RSI (14) also suggests the NZD/USD pair’s upside past the immediate hurdle surrounding 0.6170.

The same highlights a downward-sloping resistance line from early February, around 0.6205 at the latest.

Following that, the 61.8% and 50% Fibonacci retracement levels of the pair’s run-up from late November 2022 to early February 2023, near 0.6245 and 0.6300 respectively, could challenge the NZD/USD buyers.

It’s worth noting that the previous support line from November 17, close to 0.6330 by the press time, acts as the last defense of the Kiwi bears.

Alternatively, a daily closing below the multi-day bottom marked on Monday, around 0.6130, will defy the bullish candlestick and can direct the NZD/USD sellers towards the mid-November swing low surrounding 0.6060.

It should, however, be observed that the Kiwi pair’s weakness past 0.6060 appears tough as multiple supports stand tall to challenge the sellers around the 0.6000 psychological manget.

NZD/USD: Daily chart

Trend: Limited recovery expected

 

© 2000-2025. 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