Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
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
Since April 28, NZD/USD is in a sideways move. On February 28, the bulls were repelled at the 0.7300 resistance as the market declined to level 0.7212. The pair is making another upward move at the recent low. Meanwhile, on May 26 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.618 Fibonacci extension or level 0.7412. The Kiwi may reach the recent high if the resistance at 0.7300 is breached.
Daily Chart Indicators Reading:
The Kiwi is at level 54 of the Relative Strength Index period 14. It indicates that the pair is in the uptrend zone and above the centerline 50. 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 May 26 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will rise to level 61.8 Fibonacci extension or the high of level 0.7370.
4-hour Chart Indicators Reading
The pair is above the 30% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend. The Kiwi price has a bullish crossover as the 21-day SMA crosses above the 50-day SMA.
General Outlook for NZD/USD
The NZD/USD pair is range-bound below the 0.7300 overhead resistance. The pair will resume upside momentum once the resistance at level 0.7300 is breached. Otherwise, the range-bound movement will linger on.
You can purchase crypto coins here: Buy Coins
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 result
- Min Deposit
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus