NZD/USD Price Analysis: Buyers gather momentum and challenge the 200-day SMA
09.05.2024, 21:59

NZD/USD Price Analysis: Buyers gather momentum and challenge the 200-day SMA

  • The daily RSI for the NZD/USD reveals strong buying momentum, underpinned by rising MACD green bars.
  • Despite slightly weakening green bars on the hourly MACD, the RSI indicates steadfast buying traction near 70.
  • If buyers regain the 200-day SMA, the outlook will turn positive for the pair.

The NZD/USD pair is showcasing a strong performance, rising to 0.6032 on Thursday. Despite this, an observed stagnation in hourly advances warrants attention for any short-term shift as indicators reach overbought conditions and buyers might take profits.

On the daily chart, the Relative Strength Index (RSI) shows positive momentum. Its latest reading is in positive territory. This, along with the rising green bars of the Moving Average Convergence Divergence (MACD), indicates a market predominately dominated by buyers.

NZD/USD daily chart

Turning attention to the hourly chart, the RSI still indicates strong buyer domination, hovering around 66. However, the MACD shows decreasing green bars, which could indicate slightly weaker bullish momentum compared to the daily chart. Traders shouldn’t take off the table a slight technical correction ahead of the Asian session.

NZD/USD hourly chart

Regarding the Simple Moving Averages (SMA) the pair holds above the 20-day SMA but remains below the 100 and 200-day. However, buyers are anticipated to challenge the 200-day SMA at the critical level of 0.6040 which if surpassed, could usher in stronger bullish prospects for the NZD/USD. On the contrary, sellers might step in again if the pair lacks the strength to reconquer the mentioned resistance.

NZD/USD

Overview
Today last price 0.6032
Today Daily Change 0.0028
Today Daily Change % 0.47
Today daily open 0.6004
 
Trends
Daily SMA20 0.5946
Daily SMA50 0.6014
Daily SMA100 0.6095
Daily SMA200 0.6039
 
Levels
Previous Daily High 0.6015
Previous Daily Low 0.598
Previous Weekly High 0.6046
Previous Weekly Low 0.5875
Previous Monthly High 0.6079
Previous Monthly Low 0.5851
Daily Fibonacci 38.2% 0.6002
Daily Fibonacci 61.8% 0.5993
Daily Pivot Point S1 0.5984
Daily Pivot Point S2 0.5965
Daily Pivot Point S3 0.5949
Daily Pivot Point R1 0.6019
Daily Pivot Point R2 0.6035
Daily Pivot Point R3 0.6054

 

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik