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 is in a downward move. On June 18, the pair fell to the low of level 0.6922 and resumed a sideways move. The currency pair has been fluctuating between 0.6890 and $0.7050 for the past month. The Kiwi is likely to further decline as price corrects up to level 0.7100.
Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will fall to level 1.618 Fibonacci extension or level 0.6728.

Daily Chart Indicators Reading:
The Kiwi has fallen to level 46 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50. The 21-day SMA and 50-day SMA are sloping southward indicating the downtrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the Kiwi price is in a sideways move. The pair is fluctuating between levels 0.6940 and 0.70000. The current price movement is facing rejection at level 0.7000. The pair has fallen below the moving which indicates further downsides.

4-hour Chart Indicators Reading
NZD/USD is above the 80% range of the daily stochastic. It indicates that the pair has reached the overbought region of the market. Sellers are likely to emerge to push prices down. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for NZD/USD
The NZD/USD pair is now in a sideways trend. The currency pair is now trading between 0.6890 and $0.7050. The pair is likely to fall to the lower price range as price bars are below the moving averages.


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Last Updated: July 26th, 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
NZD/USD is in a downward move. The downtrend resumed after the rejection at level 0.7300. Following the breakdown on June 18, the bears are yet to break level 0.6922 of June 18. Instead, the price has been fluctuating above the previous low. A break below the previous low will increase the chances of further decline. Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will fall to level 1.618 Fibonacci extension or level 0.6922.

Daily Chart Indicators Reading:
The Kiwi has fallen to level 42 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50. The 21-day SMA and 50-day SMA are sloping southward indicating the downtrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the Kiwi price broke below the moving averages to resume a downward move. Meanwhile, on July 9 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the market will fall to level 2.618 Fibonacci extensions or level 0.6732. From the price action, the Kiwi has fallen to level 0.6949.

4-hour Chart Indicators Reading
NZD/USD is below the 40% range of the daily stochastic. It indicates that the pair is in a bearish momentum. The currency pair has fallen to the oversold region of the market. The 21-day and 50-day SMAs are sloping downward.

General Outlook for NZD/USD
The NZD/USD pair is in a downward move. The pair will have an accelerated movement as it breaks below the moving averages. According to the Fibonacci tool, the currency pair will fall either to level 0.6922 or 0.6731.


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Author : Azeez Mustapha

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Last Updated: July 19th, 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
NZD/USD is in a downward move. The currency pair has been facing rejection from the 0.73 overhead resistances. For instance, on May 28, NZD/USD pair was rejected as the downtrend resumed. After the rejection, the market declines to level 0.6922 and corrected upward.
Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will fall to level 1.618 Fibonacci extension or level 0.6731.

Daily Chart Indicators Reading:
The Kiwi has fallen to level 43 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the Kiwi price has been making a series of lower highs and lower lows. On July 2, the bears failed to break the previous low at level 0.6924 as the market corrected upward. Meanwhile, on July 2 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the market will fall to level 2.0 Fibonacci extensions or level 0.6807.

4-hour Chart Indicators Reading
NZD/USD is above the 80% range of the daily stochastic. It indicates that the pair is in a bullish momentum but has reached the overbought region of the market. The market upward move is likely to subside. Sellers are likely to emerge in the overbought region to push prices down.The 21-day and 50-day SMAs are sloping downward.

General Outlook for NZD/USD
The NZD/USD pair is likely to decline as it faces rejection at the recent high. Besides, the pair is in the overbought region of the market. This will cause the currency pair to fall on the downside. According to the Fibonacci tool, the currency pair will fall either to level 0.6807 or 0.6731.

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Author : Azeez Mustapha

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Last Updated: July 5th, 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
NZD/USD is in a downward move. The pair is making upward correction. The correction is facing resistance at the recent high. Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will fall to level 1.618 Fibonacci extension or level 0.6731.

Daily Chart Indicators Reading:
The Kiwi has risen to level 45 of the Relative Strength Index period 14. The pair is in the downtrend zone and below the centerline 50. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the Kiwi corrected upward but it is facing rejection. If it falls below the moving averages, the selling pressure will be accelerated. Meanwhile, on June 18 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the market will fall to level 2.0 Fibonacci extensions or level 0.6607.

4-hour Chart Indicators Reading
NZD/USD is below the 80% range of the daily stochastic. It indicates that the pair is a bearish momentum. The currency pair is likely to decline. In the meantime, the 21-day and 50-day SMAs are sloping downward.

General Outlook for NZD/USD
The NZD/USD pair is correcting upward. The Kiwi will resume selling pressure if it faces rejection at the recent high. According to the Fibonacci tool, the pair is likely to fall on the downside. The decline is likely to level 0.6600 or 0.6700.



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Author : Azeez Mustapha

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Author: Azeez Mustapha

Last Updated: June 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: Bearish
NZD/USD is in a bearish trend. The Kiwi has been range-bound below level 0.7300 since April. On May 27, the pair was repelled at level 0.7311 as Kiwi fell to the low of level 0.7125. The pair made an upward correction to level 0.7242 before resuming the downtrend. Meanwhile, on June 3 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the market will fall to level 2.0 Fibonacci extension or level 0.6938. From the price action, the Kiwi has fallen to the Fibonacci level. An upward move is likely.

Daily Chart Indicators Reading:
The Kiwi has fallen to level 32 of the Relative Strength Index period 14. The pair is approaching the oversold region. In other words, the Kiwi has reached bearish exhaustion. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the Kiwi is in a downward move. The bears have broken below the moving averages as selling pressure persists. Meanwhile, on June 3 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the market will fall to level 2.0 Fibonacci extensions or level 0.6938.

4-hour Chart Indicators Reading
The pair is below the 20% range of the daily stochastic. It indicates that the pair has fallen to the oversold region. Buyers are likely to emerge in the oversold region. In the meantime, the 21-day and 50-day SMAs are sloping downtrend.

General Outlook for NZD/USD
The NZD/USD pair is in a downward move. The current downtrend is reaching bearish exhaustion. The Fibonacci tool has indicated exhaustion of the bearish trend.


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Author : Azeez Mustapha

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Author: Azeez Mustapha

Last Updated: June 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: Ranging
NZD/USD is in a sideways move below level 0.7300 Since April. The currency pair has been fluctuating between levels 0.7150 and 0.7300. Today, the currency has risen and it is breaking above the moving averages. This will propel price to rise and break the resistance levels.

Daily Chart Indicators Reading:
The Kiwi is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

NZD/USD Medium-term Trend: Ranging
On the 4-hour chart, the Kiwi is also in a sideways trend below level 0.7300. Meanwhile, on June 7 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.272 Fibonacci extension or the high of level 0.7267 and reverse.

4-hour Chart Indicators Reading
The pair is above the 80% range of the daily stochastic. It indicates that the market is in a bullish momentum and has reached the overbought region of the market. Sellers may emerge to push prices down. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for NZD/USD
The NZD/USD pair is range-bound below the 0.7300 overhead resistances. The currency pair is fluctuating between levels 0.7150 and 0.7300. Prices may fall as the currency pair reaches the oversold region


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Author : Azeez Mustapha

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Author: Azeez Mustapha

Last Updated: June 8th, 2021

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

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