Today, the NZD / USD pair is trading with an increase from $0.6680 to $0.6735 and has risen above the MA (200) H1 moving average line ($0.6680). On the four-hour chart, the pair is trading above MA (200) H4 ($0.6635). A strong resistance level of $0.6735 may keep NZD / USD from rising further. If it breaks through, the price may rise to $0.6790. The session low and MA (200) H1 ($0.6680) represents the support level. If this level is passed, the pair may follow a correction to $0.6640. The most likely range of price movements to date may be hidden within the $1 range.6680-1.6735.
⦁ Resistance levels are at: $0.6735, $0.6790, $0.6840
⦁ Support levels are at: $0.6680, $0.6640, $0.6600
The main scenario for the pair's promotion - if the resistance breaks $0.6735 (September 4 high, session high), the pair is likely to rise to $0.6790 (September 2 high)
An alternative scenario - breakout of the session low and MA (200) H1 ($0.6680) and likely decline to $0.6640 (September 10-11 low)
© 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.