- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is trading near a 4-month low
NZD/USD is trading near a 4-month low
Today, the NZD/USD pair is trading in the range of 0.5970-90 after falling last week to a more than 4-month low of 0.5955. On the hourly chart, the pair remains below the moving average line MA (200) H1 (0.6010) and on the four-hour chart below MA (200) H4 (0.6100). Technically speaking, the support of 0.5940 can keep prices from falling further. If it breaks through, the pair may drop to 0.5860. The upper limit of 0.6030 represents a strong resistance level.
Resistances are at the marks: 0.6010-30, 0.6105, 0.6185
An alternative scenario: 0.5940-55, 0.5860, 0.5790
The main scenario of the pair's movement assumes a breakout of the support of 0.5940-55 (Nov 17 and March 28 lows) and there may be a decrease to 0.5860 (Nov 14 low)
An alternative scenario implies a breakout of resistance 0.6010-30 (March 25-27 highs, MA (200) H1), there may be an increase to 0.6105 (March 21 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
