- Analytics
- Market analysis
- Technical Analysis
- NZD/USD is testing MA (200) H1.
NZD/USD is testing MA (200) H1.
Today, the NZD/USD pair is declining from 0.6010 to 0.5955 and is testing the MA (200) H1 (0.6010) moving average line on the hourly chart. On the four-hour chart, the pair is trading below MA (200) H4 (0.60). Technically speaking, the support of 0.5940 can keep prices from further decline. If it breaks through, the pair may drop to 0.5860. The upper limit of 0.6015 represents a strong resistance level.
Resistances are at the marks: 0.6010-15, 0.6050, 0.6080
An alternative scenario: 0.5940, 0.5860, 0.5790
The main scenario of the pair's movement assumes a breakout of the support 0.5940 (April 1 low) and there may be a decrease to 0.5860 (Nov 14 low)
An alternative scenario implies a breakout and resistance of 0.6010-15 (April 11 high, MA (200) H1), there may be an increase to 0.6050 (March 22 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
