- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is testing the MA (200) H1.
NZD/USD is testing the MA (200) H1.
Today, the NZD/USD pair is trading in a wide range of 0.5790-0.5840 and is testing the MA (200) H1 moving average line (0.5825) on the hourly chart. On the four-hour chart, the pair is trading below the MA (200) H4 (0.5910). Technically speaking, the resistance at 0.5875 may keep prices from rising further. If this level is passed, the pair could rise to 0.5930. The lower boundary of 0.5775 represents a strong support level.
Resistances are at the marks: 0.5860-75, 0.5930, 0.6055
An alternative scenario: 0.5775-90, 0.5745, 0.5655
The main scenario of the pair implies a break of support at 0.5775-90 (Oct 26 low, session low and may be down to 0.5745 (Nov 3’ 2022 low).
The alternative scenario implies a break of 0.586-70 resistance (Oct 24-25 and 31 highs) and there could be a rise to 0.5930 (Oct 13-16 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
