- Analytics
- News and Tools
- Market News
- NZD/USD Price Forecast: Bulls extend gains, testing 0.6000
NZD/USD Price Forecast: Bulls extend gains, testing 0.6000
- NZD/USD extends uptrend, nearing the 0.6000 resistance level.
- RSI rises near 50, indicating a balanced market sentiment.
On Wednesday, the NZD/USD pair extended its gains rising to 0.5995 and approaching the 0.6000 level, which is a key psychological level. As the pair gained the 20-day Simple Moving Average (SMA) around 0.5980, the outlook is brightening.
The daily chart shows that the Relative Strength Index (RSI) is printing at 49, suggesting that the current uptrend is sustainable and could continue soon. The Moving Average Convergence Divergence (MACD) is also printing a rising green bar, which suggests the bulls are gathering momentum.
The NZD/USD pair is currently facing resistance at 0.6000, and a break above could open the door to a move toward 0.6050. Support is located at 0.5950 and a break below could lead to a move towards 0.5925-0.5900.
NZD/USD Daily chart
© 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
