- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is declining and may test the for strength MA (200)Н1
NZD/USD is declining and may test the for strength MA (200)Н1
The NZD/USD pair is mostly declining today from 0.5980 to 0.5940 after rising yesterday to a 2-week high of 0.6005. On the hourly chart, the pair may test the MA (200) H1 moving average line (0.5935). On the four-hour chart, the pair is trading well below the MA (200) H4 (0.6070). Technically speaking, MA (200) H1 (0.5935) may keep prices from further declines. In case of its breakdown, the pair may fall to 0.5885. The upper boundary of 0.6005 represents a strong resistance level.
Resistances are at the marks: 0.5980, 0.6005, 0.6120-35
An alternative scenario: 0.5935, 0.5885, 0.5840
The main scenario of the pair suggests a break of the MA (200) H1 (0.5935) and may be a decline to 0.5885 (August 25 and 29 low)
The alternative scenario implies a break of the resistance at 0.5980 (Aug 29 high, session high) and a possible rise to 0.6005 (Aug 30 high).
© 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
