- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- NZD/USD Price Analysis: Multiple hurdles prod Kiwi bulls, focus on 200-SMA, China inflation
NZD/USD Price Analysis: Multiple hurdles prod Kiwi bulls, focus on 200-SMA, China inflation
- NZD/USD approaches short-term key hurdle after rising the most in two months the previous day.
- 12-day-old horizontal resistance zone, descending trend line from early May challenge Kiwi bulls before 200-SMA.
- Sellers may wait for weekly support break for fresh entry.
- China’s CPI, PPI for May can join upbeat RSI to favor bulls ahead of next week’s Fed meeting.
NZD/USD bulls are yet to retake control, despite the most in two months the previous day, as multiple key upside hurdles stand tall to challenge the latest advances ahead of the key China inflation data on early Friday. With this, the Kiwi pair dribbles around 0.6100 by the press time.
It should be noted that the quote’s sustained trading beyond the one-week-old ascending support line and upbeat RSI (14) line, not overbought, keeps the buyers hopeful.
However, a fortnight-long horizontal resistance area, which also comprises the 100-SMA hurdle, restricts the immediate upside of the NZD/USD pair around 0.6110-15.
Following that, a one-month-old descending trend line, close to 0.6135 by the press time, could challenge the Kiwi buyers ahead of directing them to the 200-SMA resistance of around 0.6180 at the latest.
In a case where the NZD/USD remains firmer past 0.6180, the odds of witnessing a rally beyond 0.6200 can’t be ruled out.
On the contrary, the aforementioned one-week-old rising trend line, near 0.6050 at the latest, restricts the immediate downside of the NZD/USD pair.
Even if the pair breaks the 0.6050 support, an area comprising multiple levels marked since May 26, surrounding .6025-30, can act as the last defense of the NZD/USD bulls.
Overall, the NZD/USD bulls are up for retaking control but they need validation from the 200-SMA and China’s inflation gauges for May, namely the Consumer Price Index (CPI) and Producer Price Index (PPI).
NZD/USD: Four-hour chart
Trend: Further upside 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.
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
