- Analytics
- News and Tools
- Market News
- NZD/USD Price Analysis: Bulls eye a run to 0.6220
NZD/USD Price Analysis: Bulls eye a run to 0.6220
- NZD/USD bulls are making their moves in the Tokyo open.
- The price is being resisted but a break of 0.6195 will open the risk of an upside continuation for the day ahead.
NZD/USD is a compelling playbook on the hourly chart. The price has been attempting to break higher but bouts of US dollar strength have so far kept the bulls in check. Nevertheless, the technicals lean bullish as per the following analysis:
NZD/USD H1 chart
The price is has left a Gartley pattern and the upside target aligns with prior resistance and structure. The bulls have moved in during the Tokyo open and are attempting to take out the first resistance near 0.6195. The support is now the neckline of the W-formation near 0.6190, give or take. Should this hold, then a break of the Tokyo highs will open the risk of an upside continuation for the day ahead.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
