NZD/USD Is Likely To Further Decline, Fail To Sustain Above Level 0.7300

Updated:

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
NZD/USD pair is making a series of lower highs and lower lows. On March 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Kiwi will fall to level 2.618 Fibonacci extension . That is the low of level 0.6757.

NZD/USD – Daily Chart

Chart Indicators Reading:
The Kiwi has fallen to level 45 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the previous uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, buyers pushed NZD/USD to reach the high of level 0.7450. The Kiwi faces another rejection. On March 5 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the pair will fall to level 2.618 Fibonacci extension. That is a low of level 0.6754.

NZD/USD – 4 Hour Chart

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

General Outlook for NZD/USD
The NZD/USD pair has fallen into the oversold region of the market. The price indicator has indicated a further decline of the Kiwi. According to the Fibonacci tool, the Kiwi will fall to level 2.618 or level 0.6764.


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NZD/USD Faces Rejection at Level 0.7200, May Further Decline To Level 0.7151

Updated:

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 been in a downward move. After the breakdown on February 26, the pair has corrected twice and has also fallen twice. On February 26 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Kiwi will fall to level 1.272 Fibonacci extension and reverse. That is the low of level 0.7151.

NZD/USD – Daily Chart

Chart Indicators Reading:
The Kiwi has fallen to level 45 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the previous uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is in a downtrend. On March 11 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the pair will fall to level 2.618 Fibonacci extensions. That is a low of level 0.7095.

NZD/USD – 4 Hour Chart

4-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 a bearish momentum and has fallen and approached the oversold region of the market.

General Outlook for NZD/USD
The NZD/USD pair has reached bearish exhaustion. The selling pressure is likely to reach the low of level 0.7095 or 0.7151. According to the Fibonacci tool, the market will reverse at level 1.272 Fibonacci extension or level 0.7151.

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NZD/USD Has Fallen to the Oversold Region as Price Pulls Back to Level 0.7169

Updated:

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 was earlier in a downtrend. Today, the price has fallen and broken below the SMAs. The price action is indicating that a candlestick has a long tail. The long tail indicates that there is strong buying pressure at a lower price level. On February 26 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Kiwi will fall to level 1.272 Fibonacci extension and reverse.

NZD/USD – Daily Chart

Chart Indicators Reading:
The Kiwi has fallen to level 42 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the previous uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is in a downtrend. On February 26 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extensions. That is a low of level 0.7193.

NZD/USD – 4 Hour 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 is a bearish momentum and has fallen to the oversold region of the market.

General Outlook for NZD/USD
The NZD/USD pair has reached bearish exhaustion. The c current trend is likely to be exhausted as the price pulls back. According to the Fibonacci tool, the market will reverse at level 1.272 Fibonacci extension or level 0.7149

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NZD/USD Slumps to Level 0.7228 as Sellers Emerge at the Overbought Region

Updated:

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 drops as sellers emerge in the overbought region. The market fell to the low of level 0.7228. If price finds support above the SMAs, the upward move will resume.

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 2-hour chart, the NZD/USD pair is in a downtrend. On February 26 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.272 Fibonacci extensions. That is a low of level 0.7193.

NZD/USD – 2 Hour Chart

2-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 is a bearish momentum and has fallen to the oversold region of the market.

General Outlook for NZD/USD
The NZD/USD pair has a sudden breakdown as the price reaches the level 0.7228. The price will continue to fall if the selling pressure breaks below the SMAs.

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NZD/USD Is Retracing as the Market Reaches an Overbought Region

Updated:

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
Since January 6, the Kiwi has been fluctuating between levels 0.7100 and 0.7300. The pair have been trying to move up but faces resistance at the recent high. The market is likely to move up after some retracement.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 62 of the Relative Strength Index period 14. It indicates that the pair is in an 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 has resumed upward. On February 9 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.272 Fibonacci extensions. That is a high of level 0.7341.

NZD/USD – 4 Hour Chart

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

General Outlook for NZD/USD
The NZD/USD pair is still fluctuating between levels 0.7100 and level 0.7300. The price is yet to break out of this range. Presently, the Kiwi is retracing from the recent high. The upward move will resume after a minor resistance.

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NZD/USD Is Stuck Between Levels 0.7100 and 0.7300

Updated:

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 stuck between levels 0.7100 and 0.7300. There has been no significant price movement. The price is characterized by small body indecisive candlesticks. The price action has remained stagnant.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 57 of the Relative Strength Index period 14. It indicates that the pair is in an uptrend zone. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bullish
On the 1-hour chart, the NZD/USD pair has resumed upward. On February 9 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.272 Fibonacci extensions. That is a high of level 0.7274.

NZD/USD – 4 Hour Chart

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

General Outlook for NZD/USD
The NZD/USD is still confined in the overbought region. The pair is still fluctuating between level 0.7100 and 0.7300. The Kiwi is trading at level 0.7236 at the time of writing. The pair may rejection at level 0.7300.



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NZD/USD Resumes Uptrend, May Retest Level 0.7300

Updated:

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 fluctuating between levels 0.7100 and 0.7300. The market is in consolidation within a confined range. The price is characterized by small body indecisive candlesticks. The Kiwi has been trading marginally as buyers and sellers are undecided about the direction of the market.

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 is in an uptrend zone. The 50-day SMA and 21-day SMAs are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bullish
On the 1-hour chart, the NZD/USD pair has resumed upward. On February 5 uptrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.1129 Fibonacci extensions. That is a high of level 0.7214.

NZD/USD – 1 Hour Chart

1-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. The Kiwi is above the 80% range of the daily stochastic. It indicates that the market is a bullish momentum and in the overbought region.

General Outlook for NZD/USD
The NZD/USD has fallen above level 0.7100. The market has resumed an upward move. It appears the market is rising to a retest level of 0.7300. The support at level 0.7100 has been holding since January 18.



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NZD/USD Fluctuates Between Levels 0.7100 and 0.7300, May Retest Level 0.7300

Updated:

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 fluctuating between levels 0.7100 and 0.7300. Following its rejection at level 0.7300, the pair has been fluctuating since January 6. The Kiwi will resume an uptrend if level 0.7300 is breached. Meanwhile, the market is consolidating above level 0.7100.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen 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 has fallen and reached bearish exhaustion. On February downtrend; a retraced candle body tested 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise to level1.272 Fibonacci extensions. That is a high of level 0.7144.

NZD/USD – 1 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. The Kiwi is above the 20% range of the daily stochastic. It indicates that the market is a bullish momentum.

General Outlook for NZD/USD
The NZD/USD has fallen above level 0.7100. The pair is fluctuating between levels 0.7100 and 0.7300. The price action is characterized by indecisive candlesticks called Doji and Spinning tops.

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NZD/USD Finds Support Above Level 0.7100 and Rebounds, Uptrend Likely

Updated:

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 intact as the pair rebounds above level 0.7100. Since January 27, the price has been falling after rejection from level 0.7250. The downtrend is likely to end if level 0.7150 support holds. The long candlestick tail indicates that there strong buying pressure above level 0.7100.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
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 in an uptrend. On January 28 uptrend; a retraced candle body tested 61.8% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.618 Fibonacci extension. That is a high of level 0.7248.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping horizontally. The Kiwi is above the 60% range of the daily stochastic. It indicates that the market is in a bullish momentum. The kiwi is likely to rise as the coin resumes an upward move.

General Outlook for NZD/USD
The NZD/USD pair has fallen and resumed upward from the low of 0.7100. According to the Fibonacci tool, the current uptrend will reach a high of level 0.7248.



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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

NZDUSD keeps bearish move intact

Updated:

The NU is in a bearish immediate market (with the USD rallying) and we want to take advantage of this.

After the last bullish pullback we moved down to the fisrt supply zone and bounced back 61.8% of the move completing the a-b move of an a-b-c pattern

We will go short at the break of today´s lows (if it plays out) with our stops above the highs targeting first that supply zone and letting a runner to ultimate targets and completion of the a-b-c pattern.

Validation level: : 0.7173
Invalidation level: 0.7179

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9
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Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8