Technical Analysis
26.04.2023, 12:23

NZD/USD is trading near a monthly low

Today, the NZD/USD pair is trading in the range of $0.6120-50 - near a new monthly low. On the hourly chart, the pair remains slightly below the moving average line MA (200) H1 ($0.6180) and on the four-hour chart below MA (200) H4 ($0.6220). Technically speaking, the support level of $0.6085-90 may keep prices from further decline. The upper bound of $0.6225 represents the resistance level.


  • Resistances are at the marks: $0.6180-90, $0.6225, $0.6270


  • An alternative scenario: $0.6085-90, $0.6055, $0.5985


The main scenario of the pair's movement assumes a breakout of the support of $0.6085-90 (March 8 and 10 lows) and may decline to $0.6055 (November 14’ 2022 low)

An alternative scenario implies a breakout of $0.6085-90 (April 25 high, MA (200) H1) and there may be an increase to $0.6270 (April 19 high)


Quotes
Symbol Bid Ask Time
AUDUSD 0.63562 0.63567 22:55:00
EURUSD 1.04955 1.04962 22:55:00
GBPUSD 1.26174 1.2618 22:55:00
NZDUSD 0.57619 0.57631 23:55:00
USDCAD 1.4235 1.42357 22:54:59
USDCHF 0.89276 0.89283 22:55:00
USDJPY 153.679 153.683 22:55:00
XAGEUR 29.048 29.128 23:59:00
XAGUSD 30.521 30.579 23:59:00
XAUUSD 2647.55 2649.36 23:59:00

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