- Analytics
- Market analysis
- Technical Analysis
- NZD/USD rose to a 2-week high
NZD/USD rose to a 2-week high
Today, the NZD/USD pair is mostly rising from 0.5635 to 0.5695, reaching a new 2-week high. On the hourly chart, the NZD/USD rebounded from the moving average line and the MA (200) H1 (0.5630) decreased, but on the four-hour chart it remains below the MA (200) H4 (0.5770). Based on the above, it is probably worth sticking to the southern direction in trading and until the pair gains a foothold above the MA 200 H1, it is necessary to look for entry points to sell at the end of the correction. Technically speaking, the resistance of 0.5695 can keep the pair from further growth. If this level is breached, the NZD/USD may rise to 0.5795. The lower limit of 0.5585 represents a strong support level.
Resistances are at the marks: 0.5695, 0.5740, 0.5795
An alternative scenario: 0.5630, 0.5585, 0.5500
The main scenario of the pair's movement assumes a breakout of the support of MA (200) H1 (0.5630) and there may be a decline to 0.5585 (Jan 2 low)
An alternative scenario implies a breakout of the session high of 0.5695 and there may be an increase to 0.5740 (high of the American session on Dec 18)
© 2000-2025. 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
