NZD/USD Price Analysis: Edges lower past 0.6200 within monthly triangle
22.06.2023, 06:26

NZD/USD Price Analysis: Edges lower past 0.6200 within monthly triangle

  • NZD/USD consolidates the previous day’s recovery inside one-month-old symmetrical triangle.
  • Impending bull cross on MACD, sustained trading beyond 100-EMA keeps Kiwi buyers hopeful.
  • Bears need to conquer 0.6200 to retake control, bulls can aim for 0.6310 on breakout.

NZD/USD clings to mild losses around 0.6190 as it reverses the previous day’s rebound heading into Thursday’s European session. In doing so, the Kiwi pair retreats within a one-month-old symmetrical triangle, funning down towards the breakout points of late.

That said, the early Thursday’s Gravestone Doji candlestick on the four-hour chart joins the downbeat sentiment to exert downside pressure on the NZD/USD price.

Suggesting another attempt to break the 100-bar Exponential Moving Average (EMA) surrounding 0.6155.

Following that, the stated triangle’s bottom line of near 0.6150 and a one-month-long horizontal support zone surrounding 0.6100 will lure the NZD/USD bears.

Meanwhile, the 61.8% Fibonacci retracement of its May 11-31 downside, near 0.6230, guards the immediate upside of the NZD/USD pair, a break of which will highlight the aforementioned triangle’s top line, close to 0.6240 at the latest.

In a case where the Kiwi pair manages to remain firmer past 0.6240, the late May swing high of around 0.6310 can act as an extra filter towards the north before giving control to the bulls.

 To sum up, NZD/USD pair is suggesting an intraday fall but the overall bullish bias remains intact.

NZD/USD: Four-hour chart

Trend: 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.

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