- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is trading near a 9-month low
NZD/USD is trading near a 9-month low
Today, the NZD/USD pair is trading in the range of 0.5895-0.5925 - near the 9-month low of 0.5885 reached on Friday. On the hourly chart, the pair remains slightly below the MA (200) H1 moving average line (0.5935). On the four-hour chart, the pair is trading well below the MA (200) H4 (0.6105). Technically speaking, the support at 0.5885 may keep prices from further declines. In case of its breakdown, the pair may fall to 0.5840. The upper boundary of 0.6000 represents a strong resistance level. The most probable range of the pair's movement for today may be hidden within the 0.5895-0.6000 range.
Resistances are at the marks: 0.5940, 0.5985-0.6000, 0.6120-35
An alternative scenario: 0.5885, 0.5840, 0.5745
The main scenario of the pair implies a break of the support at 0.5885 (August 25 low) and may be a decline to 0.5840 (November 11’ 2022 low)
An alternative scenario implies a break of 0.5940 resistance (Aug 25 high) and there could be a rise to 0.5985-0.6000 (Aug 14-16 and Aug 23 highs)
© 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
