NZD/USD Technicals

NZD/USD

On the daily chart, the pair is growing along the upper border of Bollinger® Bands; the price range is widened, which reflects the possibility of development of the upward trend. MACD histogram is in the positive zone, keeping the steady signal to open long positions. Stochastic is crossing the border of the overbought area downward, forming a signal to open short positions.

Daily NZD/USD

NZD/USD, H4On the 4-hour chart, the instrument is moving sideways within the narrow channel, formed by the upper border and middle line of Bollinger Bands. MACD histogram is in the positive zone, keeping a signal to open long positions. Stochastic is in the neutral zone, its lines are pointed downwards.

Key levels

  • Resistance levels: 0.7330, 0.7380, 0.7435.
  • Support levels: 0.7280, 0.7250, 0.7233, 0.7200, 0.7175.

Trading Tips

Long positions can be opened at the current level with the target at 0.7380 and stop loss 0.7260. Implementation period: 1–3 days.

Short positions can be opened at the level of 0.7230 with the target at 0.7130. Stop loss is 0.7280. Implementation period: 3–5 days.

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments