- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- NZD/USD Price Analysis: Kiwi bounces off, eyes on 20-day SMA resistance
NZD/USD Price Analysis: Kiwi bounces off, eyes on 20-day SMA resistance
- NZD/USD bounced off from the critical 100 and 200-day SMA convergence at 0.6070.
- The Kiwi's outlook tilts positive as the pair tests the pivotal 20-day SMA level.
On Wednesday, the NZD/USD witnessed a gain of 0.50%, as markets turned their back on the USD. Now testing the important 20-day Simple Moving Average (SMA) threshold at 0.6125, the pair rebounded off the crucial convergence of the 100 and 200-day Simple Moving Averages (SMAs) at 0.6070 mark. The pair's future course now hinges on whether the currency pair manages to conquer the mentioned 20-day SMA.
Regarding the daily technical indicators, the Relative Strength Index (RSI), now resting at 50, portrays an improvement in bullish momentum. However, it has further ground to gain to confirm a bullish bias. The Moving Average Convergence Divergence (MACD) continues to print decreasing red bars, depicting a neutral to bearish stance, but overall positive as bears lose strength.
NZD/USD daily chart
The NZD/USD establishes immediate support near the 0.6070 threshold, aligned with the mentioned convergence point of the 100 and 200-day SMAs. Therefore, if the sellers manage to drive the price below it, it could enhance selling pressure and indicate a deeper retracement. Further support resides at the 0.6050 level.
On the flip side, resistance currently hovers around the 20-day SMA at 0.6125 level. If the buyers manage to navigate through, additional resistance lies at the 0.6170 mark, followed by a significant barrier at 0.6200. A decisive break above these resistance levels could end the bearish dominance and steer the pair into bullish territory.
© 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.
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.
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
