- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- NZD/USD Price Analysis: Fresh one-month high and counting, approaches April swing high
NZD/USD Price Analysis: Fresh one-month high and counting, approaches April swing high
- NZD/USD gains strong traction for the fourth straight day and climbs to over a one-month high.
- The technical setup favours bullish traders bulls and supports prospects for additional gains.
- Any meaningful dip towards the descending trend-line breakout is likely to get bought into.
The NZD/USD pair prolongs its recent upward trajectory witnessed over the past two weeks or so and continues scaling higher for the fifth successive day on Monday. This also marks the seventh day of a positive move in the previous eight and lifts spot prices to over a one-month high, around the 0.6350 region heading into the North American session.
The US Dollar (USD) languishes near the monthly low touched last week amid firming expectations that the Federal Reserve (Fed) is nearing the end of its year-long rate-hiking cycles. This, along with concerns about the US debt ceiling and the risk-on impulse, further undermines the safe-haven Greenback and provides an additional lift to the risk-sensitive Kiwi.
From a technical perspective, the momentum allows the NZD/USD pair to break through a short-term descending trend-line hurdle extending from the YTD peak touched in February. Given that oscillators on the daily chart holding comfortably in the bullish territory and are still far from being in the overbought zone, the set-up supports prospects for additional gains.
Hence, a subsequent move towards retesting the April monthly swing low, around the 0.6380 region, en route to the 0.6400 mark, looks like a distinct possibility. Some follow-through buying has the potential to lift the NZD/USD pair towards the next relevant hurdle near the 0.6435-0.6440 region, above which bulls might aim to reclaim the 0.6500 psychological mark.
On the flip side, the descending trend-line resistance breakpoint, currently pegged just below the 0.6300 round-figure mark, now seems to protect the immediate downside. Any further decline is more likely to attract fresh buyers and remains limited near the 200-day Simple Moving Average (SMA), around the 0.6255 zone, which should act as a strong base for the NZD/USD pair.
NZD/USD daily chart
-638191492722609390.png)
Key levels to watch
© 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.
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.
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
