- Analytics
- Market analysis
- Technical Analysis
- NZD/USD dropped below MA (200) H1
NZD/USD dropped below MA (200) H1
Today, the NZD/USD pair is trading in the range of 0.6215-65, having reached a 2-week low. On the hourly chart, the pair has fallen below the average MA (200) H1 (0.6295) line and is testing MA (200) H1 (0.6225) on the four-hour chart. Technically speaking, the support of 0.62155 may keep the pair from further decline. In case of breaking through this level, NZD/USD may fall to 0.6105. The upper limit of 0.6315 represents a strong resistance level.
Resistances are at the marks: 0.6250, 0.6315, 0.6380
An alternative scenario: 0.6155, 0.6105, 0.6050
The main scenario of the pair's movement assumes a breakout of the 0.6155 support (Sept 13-16 low) and there may be a decrease to 0.6105 (Sept 11 low)
The alternative scenario implies an increase to 0.6250 (Sept 26 low) and then maybe to 0.6315 (Oct 2 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
