NZD/USD Price Analysis: Rangebound trading persists, bears maintain control
05.08.2024, 19:53

NZD/USD Price Analysis: Rangebound trading persists, bears maintain control

  • Consolidation persists within the 0.5900-0.6000 range, with neutral technical indicators.
  • Bearish momentum remains intact, favoring further declines, but a break above 0.6000 could shift sentiment.
  • Volume remains average, with key support and resistance levels inching closer.

On Monday's session, the NZD/USD declined by 0.40% to 0.5930, extending its rangebound trading pattern. On the bright side, bulls managed to clear losses which saw the pair diving below 0.5900 earlier in the session.

The daily chart shows that the Relative Strength Index (RSI) is hovering around 40, indicating a lack of clear direction. The Moving Average Convergence Divergence (MACD) continues to trend lower, suggesting that bearish momentum remains intact. In addition,  the pair is currently facing support at 0.5910, a break below which could expose the next support level at 0.5890. On the upside, resistance is found at 0.5980, and a breakout above this level could signal a potential reversal in the trend.

The overall technical outlook for the NZD/USD remains neutral to bearish. While the pair remains rangebound, the bears hold a slight advantage. A break below support or above resistance could trigger a more decisive move. In the meantime, volume is average, with key support and resistance levels inching closer which gives neutrality to the technical outlook.

 

NZD/USD Daily chart

© 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