- 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 trading in the range of 0.5940-65 after falling on Monday to a 3-month low of 0.5860. On the hourly chart, the pair tests the moving average line MA (200) H1 (0.5925) and on the four-hour chart remains below MA (200) H1 (0.6055). Technically speaking, the support of 0.5860 has so far kept the pair from further decline. In case of breaking through this level, NZD/USD may go down to 0.5775. The upper limit of 0.6030 represents a strong resistance level.
Resistances are at the marks: 0.5965, 0.6030, 0.6100
An alternative scenario: 0.5925, 0.5860, 0.5775-90
The main scenario of the pair's movement assumes a breakout of MA (200) H1 (0.5925) and may be a decrease to 0.5860 (April 21 and July 29 low)
The alternative scenario implies a breakout of the resistance of 0.5965 (July 31 high, session maximum) with a likely rise to 0.6030 (July 23 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
