- Analytics
- Market analysis
- Technical Analysis
- NZD/USD remains above MA (200) H1
NZD/USD remains above MA (200) H1
The NZD/USD pair on the hourly chart shows fluctuations in the sideways range after an upward impulse. The pair is trading in the range of 0.5700-40 and remains above the MA (200) H1 moving average line (0.5675), which indicates the continued advantage of buyers. The MACD indicator signals a decrease in momentum, which may lead to consolidation or correction. If the price manages to break through the 0.5740 level, an increase to 0.5770 is possible. In case of a decline below 0.5675, the price may test 0.5636. The overall trend remains neutral-bullish.
Resistances are at the marks: 0.5740, 0.5760-70, 0.5790
An alternative scenario: 0.5675, 0.5635, 0.5585
The main scenario of the pair's movement assumes a breakout of the resistance 0.5740 (March 10 high) and there may be an increase to the area 0.5760-70 (Feb 21 and March 6 highs).
The alternative scenario implies a decline to 0.5675 (March 11 low, MA (200) H1) and then maybe to 0.5635 (March 5 low)
© 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.
