NZD/USD Is in a Brief Downtrend, May Reverse at Level 0.7149

NZD/USD Is in a Brief Downtrend, May Reverse at Level 0.7149

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bearish
The Kiwi is in an uptrend but it is retracing to the previous high. Today, the Kiwi is falling after retracing from the recent high of 0.7200. The pair may revisit the previous lows of level 0.7100 and 0.7150 before the resumption of an uptrend.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 53 of the Relative Strength Index period 14. It indicates that the pair has enough room to rally on the upside. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is now in a downtrend. On January 22 downtrend; a retraced candle body tested 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extension. That is a low of level 0.7149.

NZD/USD – 1 Hour Chart

1-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping downward. The Kiwi is below the 40% range of the daily stochastic. It indicates that the market is in a bearish momentum. The kiwi is likely to fall as the coin resumes a downward move.

General Outlook for NZD/USD
The NZD/USD pair is in a downward move. The downtrend will be brief as the upward move will resume later. According to Fibonacci tool analysis, the pair will fall to level 1.272 Fibonacci extension or 0.7149 low.


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NZD/USD Continues Downward Move, May Reverse at Level 0.7058

NZD/USD Continues Downward Move, May Reverse at Level 0.7058

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bearish
The Kiwi has resumed a downward move after rejection from level 0.7300. The pair has fallen and reached the low of level 0.7116. The price has broken below 21-day SMA and a break below 50-day SMA will accelerate price movement. The pair is reaching bearish exhaustion.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has fallen to level 48 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is now in a downtrend. On January 18 downtrend; a retraced candle body tested 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extension. That is a low of level 0.7058.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping downward. The Kiwi is above the 25% range of the daily stochastic. It indicates that the market has fallen into the oversold region. The kiwi is in a bullish momentum.

General Outlook for NZD/USD
The NZD/USD pair is in a downward move. The price has broken below the SMAs which signal a downward movement of the pair. According to Fibonacci tool analysis, the pair will fall to level 1.272 Fibonacci extension or 0.7058 low.


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NZD/USD Is in a Downtrend, May Reach the Low of 0.6979

NZD/USD Is in a Downtrend, May Reach the Low of 0.6979

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bearish
The Kiwi has resumed a downward move after rejection from level 0.7300. The pair fell to level 0.7100 and corrected upward. The downward move has resumed after breaking below level 0.7200. The price has broken below 21-day SMA and a break below 50-day SMA will accelerate price movement.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has fallen to level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is now in a downtrend. On January 11 downtrend; a retraced candle body tested 50% Fibonacci retracement level. The retracement indicates that the pair will fall to level 2.0 Fibonacci extension. That is a low of level 0.6979.

NZD/USD – 3 Hours chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping downward. The Kiwi is below the 20% range of the daily stochastic. It indicates that the market has fallen into the oversold region. The kiwi is in a strong bearish momentum.


General Outlook for NZD/USD
The NZD/USD pair is in a downward move. The price has broken below the SMAs which signal a downward movement of the pair. According to Fibonacci tool analysis, the pair will fall to level 2.0 Fibonacci extension or 0.6779 low.


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NZD/USD Resumes Uptrend, May Retest Level 0.7300

NZD/USD Resumes Uptrend, May Retest Level 0.7300

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
The Kiwi is in an uptrend. From the price action, the Kiwi reached a high of level 0.7315 and reversed. The Fibonacci tool analysis has confirmed the reversal. The Fibonacci tool indicated that the market will reverse at level 1.272 Fibonacci extension or 0.7325. The price will retrace to the 78.6% Fibonacci retracement level where it originated. A fresh uptrend is likely to resume.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has fallen to level 56 of the Relative Strength Index period 14. It indicates that the pair is in the uptrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is now in a downtrend. On January 11 downtrend; a retraced candle body tested 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extension. That is a low of level 0.7108.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates the previous uptrend. The Kiwi is below the 40% range of the daily stochastic. It indicates that the market is in a bullish momentum.

General Outlook for NZD/USD
The NZD/USD pair has retraced enough to resume an upward move. According to Fibonacci tool analysis, the pair will fall to level 1.272 or 0.7108 low.


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NZD/USD Is in a Downtrend, Faces Rejection at Level 0.7300

NZD/USD Is in a Downtrend, Faces Rejection at Level 0.7300

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bearish
The Kiwi has resumed a downward move. The pair is facing rejection at level 0.7300. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and reverse. That is, the Kiwi will reverse at level 0.73351.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has fallen to level 64 of the Relative Strength Index period 14. It indicates that the pair is in the uptrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is now in a downtrend. On January 7 downtrend; a retraced candle body tested 50% Fibonacci retracement level. The retracement indicates that the pair will rise to level 2.0 Fibonacci extension. That is a low of level 0.7131.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates the previous uptrend. The Kiwi is below the 40% range of the daily stochastic. It indicates that the market is in a bearish momentum.

General Outlook for NZD/USD
The NZD/USD pair is now in a downtrend. The uptrend is facing rejection at level 0.7300. According to Fibonacci tool analysis, the pair will fall to level 0.7131.


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NZD/USD Is in a Downward Move, Faces Rejection at the Recent High

NZD/USD Is in a Downward Move, Faces Rejection at the Recent High

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
The Kiwi has resumed a downward move after testing level 0.72409. The index has fallen to a low at 0.7187. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and reverse. From the price action, the kiwi is facing rejection at the recent high.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has fallen to level 68 of the Relative Strength Index period 14. It indicates that the pair is in the uptrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bullish
On the 4-hour chart, the NZD/USD pair is retracing and in a downward move. On December 27 uptrend; a retraced candle body tested 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.272 Fibonacci extension and reverse. That is a high of level 0.7176. The price action has surpassed that level and the market is resuming downward.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates the previous uptrend. The Kiwi is below the 80% range of the daily stochastic. It indicates that the market is in a bearish momentum.

General Outlook for NZD/USD
The NZD/USD pair is facing rejection at the recent high. Kiwi has fallen to level 0.7187 and a further downward movement is expected. According to the Fibonacci tool, the pair will reverse and return to the 78.6% Fibonacci retracement.



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NZD/USD Is in an Upward Move, Reaches the Overbought Region above Level 0.7200

NZD/USD Is in an Upward Move, Reaches the Overbought Region above Level 0.7200

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
The Kiwi has continued its upward move. The pair fell to level 0.7000 but resumed upward shortly. On the uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and reverse.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 70 of the Relative Strength Index period 14. It indicates that the pair is in the overbought region of the market. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bullish
On the 4-hour chart, the NZD/USD pair has resumed upward after falling to level 0.7083. On December 27 uptrend; a retraced candle body tested 61.8% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.618 Fibonacci extensions. That is a high of level 0.7207.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates that the pair is in an uptrend. The Kiwi is above the 80% range of the daily stochastic. It indicates that the market is in a bullish momentum. Also, the pair has reached the overbought region of the market.

General Outlook for NZD/USD
The NZD/USD pair is in an upward move. The Kiwi has risen to level 0.7189 but it is facing resistance at the recent high. Since RSI is above 70, the pair upward move is doubtful.



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NZD/USD Is in a Uptrend, Targets Level 0.7207

NZD/USD Is in a Uptrend, Targets Level 0.7207

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
The Kiwi has continued its upward move. The pair fell to level 0.7000 but resumed upward shortly. The kiwi has risen to level 0.7183 after breaking level 0.7100. The uptrend will continue if the bullish momentum is sustained above level 0.7150.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 68 of the Relative Strength Index period 14. It indicates that the pair is in the overbought region of the market. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bullish
On the 4-hour chart, the NZD/USD pair has resumed upward after falling to level 0.7083. On December 27 uptrend; a retraced candle body tested 61.8% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.618 Fibonacci extensions. That is a high of level 0.7207.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates that the pair is in an uptrend. The Kiwi is above the 80% range of the daily stochastic. It indicates that the market is in a bullish momentum. Also, the pair has reached the overbought region of the market.

General Outlook for NZD/USD
The NZD/USD pair is in an upward move. The Kiwi has risen to level 0.7189 but it is facing resistance at the recent high. According to the Fibonacci tool analysis, the market will rise to level 0.7207.


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Annual Forecast for NZD/USD (2021): Kiwi Is Likely To Be Stronger Because of a High Interest Rate

Annual Forecast for NZD/USD (2021): Kiwi Is Likely To Be Stronger Because of a High Interest Rate

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

In January 2020, NZD/USD has an opening balance of 0.6733. However, the Kiwi has a breakdown in the first quarter of the year as price dropped to 0.5469. Immediately, the bulls buy the dips as the market resumed an upward move. In other words, the uptrend commenced in April and has continued to December. NZD/USD is trading at level 0.7111 at the time of writing.

NZD/USD – Monthly Chart

NZD/USD Price Prediction: Monthly Chart
A bullish trend line is drawn showing the support levels of the market. The current uptrend is presumed to be ongoing if the trend line remains unbroken. However, if the price breaks and closes below the trend line, it is assumed the current trend is terminated.

NZD/USD – Weekly Chart

NZD/USD Price Prediction: Weekly Chart
On this chart, the market is in a smooth uptrend. While in the upward move, the pair rebounded to break levels o.6400 and 0.6600 resistance levels to push on the upside. The current upward move is approaching a resistance zone.

Conclusion
The Kiwi is presently approaching the 2017 high of 0.7558. There is possibly a further upward move as the RSI is at level 60 which creates more room to rally. The New Zealand dollar is strong, because of its high-interest rates which makes it more profitable to invest, thereby lifting demand for your currency


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investing results

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NZD/USD Falls After Facing Rejection at Level 0.7100

NZD/USD Falls After Facing Rejection at Level 0.7100

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
The Kiwi has continued its upward move. Presently, the Kiwi is retracing after rejection at level 0.7100. The pair is in a downward move and it is approaching level 0.70413. The price has broken the 21-day SMA which suggests the downtrend will continue.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 54 of the Relative Strength Index period 14. It indicates that the pair is in the overbought region of the market. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair has resumed its downward move. On November 20 downtrend; a retraced candle body tested 50% Fibonacci retracement level. The retracement indicates that the pair will fall to level 2.0 Fibonacci extensions.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates that the pair is in an uptrend. The Kiwi is above the 40% range of the daily stochastic. It indicates that the market is in a bullish momentum.

General Outlook for NZD/USD
The NZD/USD pair is in a downward move. It retested level 0.7100 to further decline. According to the Fibonacci tool analysis, the market will fall and reach a low of 0.6826.



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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.