Technical Analysis
26.06.2024, 12:14

NZD/USD dropped to a monthly low

Today, the NZD/USD pair is mainly declining from 0.6130 to 0.6090, reaching a monthly low. On the hourly chart, the pair is testing the MA (200) H1 (0.6125) moving average line. The situation is similar on the four-hour chart. Technically speaking, the support of 0.6085 can keep the pair from further decline. If this level is broken, NZD/USD may fall to 0.5980. The upper limit of 0.6150 represents a strong support level, after breaking through which the pair can rise to 0.6220.


  • Resistances are at the marks: 0.6150, 0.6220, 0.6285


  • An alternative scenario: 0.6085, 0.5980, 0.5915


The main scenario of the pair's movement still assumes a breakout of support to 0.6085 (May 20-22 low) and there may be a decrease to 0.5980 (May 8 low)

An alternative scenario implies a breakout of the resistance of 0.6150 (June 18 high) and there may be an increase to 0.6220 (June 12 high)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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