NZD/USD: technical analysis
NZD/USD, D1
On the D1 chart, the pair grows along the upper line of Bollinger Bands, the price range is widened, which indicates a possible continuation of the uptrend. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic prepares to cross the border of the overbought zone from below, and then generate a signal to open short positions.
NZD/USD, H4
On the H4 chart there is sideways movement of the instrument within the corridor formed by the upper and middle lines of Bollinger Bands. MACD histogram is in the positive area keeping a confident signal for the opening of long orders. Stochastic is in the neutral area giving no clear signals for entering the market.
Key levels
Support levels: 0.7380, 0.7330, 0.7280, 0.7250, 0.7233, 0.7200, 0.7175.
Resistance levels: 0.7435, 0.7500, 0.7530, 0.7550, 0.7570.
Trading tips
According to technical indicators, long positions could be opened from the current level with target at 0.7435 and stop-loss at 0.7360. Implementation time: 1-3 days.
Short positions may be opened from the level of 0.7300 with target at 0.7250. Stop-loss – 0.7330. Implementation period: 3-5 days.
New Zealand Dollar vs US Dollar
Buy Sell Spread
0.73827 0.73802 25
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 0.7382
Take Profit 0.7435
Stop Loss 0.7360
Support levels 0.7175, 0.7200, 0.7233, 0.7250, 0.7280, 0.7330, 0.7380, 0.7435, 0.7500, 0.7530, 0.7550, 0.7570
Alternative scenario
Recommendations SELL STOP
Entry Point 0.7300
Take Profit 0.7250
Stop Loss 0.7330
Support levels 0.7175, 0.7200, 0.7233, 0.7250, 0.7280, 0.7330, 0.7380, 0.7435, 0.7500, 0.7530, 0.7550, 0.7570
On the D1 chart, the pair grows along the upper line of Bollinger Bands, the price range is widened, which indicates a possible continuation of the uptrend. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic prepares to cross the border of the overbought zone from below, and then generate a signal to open short positions.
NZD/USD, H4
On the H4 chart there is sideways movement of the instrument within the corridor formed by the upper and middle lines of Bollinger Bands. MACD histogram is in the positive area keeping a confident signal for the opening of long orders. Stochastic is in the neutral area giving no clear signals for entering the market.
Key levels
Support levels: 0.7380, 0.7330, 0.7280, 0.7250, 0.7233, 0.7200, 0.7175.
Resistance levels: 0.7435, 0.7500, 0.7530, 0.7550, 0.7570.
Trading tips
According to technical indicators, long positions could be opened from the current level with target at 0.7435 and stop-loss at 0.7360. Implementation time: 1-3 days.
Short positions may be opened from the level of 0.7300 with target at 0.7250. Stop-loss – 0.7330. Implementation period: 3-5 days.
New Zealand Dollar vs US Dollar
Buy Sell Spread
0.73827 0.73802 25
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 0.7382
Take Profit 0.7435
Stop Loss 0.7360
Support levels 0.7175, 0.7200, 0.7233, 0.7250, 0.7280, 0.7330, 0.7380, 0.7435, 0.7500, 0.7530, 0.7550, 0.7570
Alternative scenario
Recommendations SELL STOP
Entry Point 0.7300
Take Profit 0.7250
Stop Loss 0.7330
Support levels 0.7175, 0.7200, 0.7233, 0.7250, 0.7280, 0.7330, 0.7380, 0.7435, 0.7500, 0.7530, 0.7550, 0.7570
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