NZD/USD Continues Sideways Move, Resumes Upward
Login

NZD/USD Continues Sideways Move, Resumes Upward

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

Key Resistance Levels: 0.6600, 0.6800, 0.7000
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Ranging
NZD/USD pair is in a sideways move. Since June, the pair has been fluctuating between levels 0.6500 and 0.6700. The price is rising to retest the resistance line. The key levels are yet to be broken as the pair fluctuates.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has fallen to level 51 of the Relative Strength index period 14. It implies that the pair is in the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping upward. It indicates the previous trend.


NZD/USD Medium-term Trend: Ranging
On the 4-hour chart, the NZD/USD pair is now in a sideways move. The price is still fluctuating between levels of 0.65500 and 0.6700. The Kiwi is yet to trend. Presently, the price is sloping downward.

NZD/USD – 4 Hour Chart

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

General Outlook for NZD/USD
The NZD/USD pair is in a sideways move. The direction of the market is not clear as the market fluctuates. Presently, the market is fluctuating upward.



Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results










  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News