- Analytics
- Market analysis
- Technical Analysis
- The NZD/USD pair again rose above the MA (200) H1
The NZD/USD pair again rose above the MA (200) H1
Today, since the beginning of trading, the NZD/USD pair fell from $0.7065 to $0.7010, but soon rose to $0.7060, regaining most of the positions lost yesterday. The pair has risen above the MA (200) H1 ($0.7020) moving average line, but is trading well below MA (200) H4 ($1.7135) on the four-hour chart. Technically speaking, the $0.7070 resistance may keep the pair from rising further. If it breaks through, prices may rise to $0.7100. The lower bound of $0.6995-0.7010 represents the main support level. The most likely range of price movement for today may be hidden within the range of $0.6995-0.7070.
⦁ Resistance levels are: $0.7070, $0.7100, $0.7185
⦁ Support levels are: $0.6995-0.7010, $0.6940, $0.6895
The main scenario for the pair's promotion - correction and may be a decline to $0.6995-0.7010 (lows of April 6-7, session low)
An alternative scenario - growth to $0.7070 (April 5-7 high) and then, maybe, to $0.7100 (March 5-9 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.
Bank transfers
