Category: NZDUSD

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 has been in a downward move since February 25. The price is making a series of lower highs and lower lows. Today, the Kiwi has fallen to the low 0.7030. 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 0.6759.

Daily Chart Indicators Reading:
The Kiwi is at level 42 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone and capable of falling. The 50-day SMA and 21-day SMA are sloping downward.

NZD/USD Medium-term Trend: Ranging
On the 4-hour chart, the Kiwi fell to level 0.6950 and resumed a range-bound movement. The pair is fluctuating between levels 0.6950 and 0.7030. The downtrend will resume if the current support is breached.

4-hour Chart Indicators Reading
The moving averages are sloping southward indicating the downtrend. The pair is above the 80% range of the daily stochastic. The market is likely to decline as price reaches the overbought region.

General Outlook for NZD/USD
The NZD/USD pair has corrected upward but will soon face rejection as the market reaches the overbought region. The stochastic indicator is in the overbought region of the market while the RSI is in the downtrend zone. The Kiwi is likely to fall.

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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 has continued to fall on the downside. The pair faces another rejection at level 0.7300 resistance zone. 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 0.6762.

Daily Chart Indicators Reading:
The Kiwi has fallen to level 36 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone and it is approaching the oversold region. The 50-day SMA and 21-day SMA are sloping downward.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the market fell to level 0.7100 and resumed consolidation above it. The selling pressure resumed after a retest at level 0.7300. On March 4 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 0.6762.

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping southward indicating the downtrend. The Kiwi is above the 80% range of the daily stochastic. The pair has fallen to the overbought region of the market. It indicates that sellers may emerge in the overbought region.

General Outlook for NZD/USD
The NZD/USD pair is likely to continue the downward move. Presently, the pair is making an upward move to retest the previous highs. If price faces rejection at the recent high, the downtrend will resume. According to the Fibonacci tool, the market will decline to level 0.6762.
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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.

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.

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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Last Updated: March 21st, 2021

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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.

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.

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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Last Updated: March 14th, 2021

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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.

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.

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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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.

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.

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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Last Updated: February 28th, 2021

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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.

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.

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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Author: Azeez Mustapha

Last Updated: February 9th, 2021

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