Key Resistance Levels: 0.6600, 0.6800, 0.7000
Key Support Levels: 0.6200, 0.6000, 0.5800
NZD/USD Price Long-term Trend: Bearish
NZD/USD downward move has been exhausted as the market moves up. The market fell to the low of 0.65116 and resumed upward move. The trend is currently facing minor resistance at level 0.6600.
Daily Chart Indicators Reading:
The Kiwi has risen to level 43 of the Relative Strength Index period 14. It implies that the pair is in the downtrend zone and below the centerline 50. The 50-day SMA and 21-day SMA are sloping upward.
NZD/USD Medium-term Trend: Bullish
On the 4-hour chart, the NZD/USD pair is now in an upward move but it is facing a minor resistance at level 0.6600. A red candle body tested the 38.2% Fibonacci retracement level. The Kiwi will rise and reach level 2.618 Fibonacci extension level. That is a high level 0.67194.
4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates that the market is rising. The pair is above the 75% range of the daily stochastic. It indicates that the market is in bullish momentum. .
General Outlook for NZD/USD
The NZD/USD is now in an uptrend. The price is rising on the upside. The uptrend will continue despite the resistance. According to the Fibonacci tool, the market will rise and reach level 2.618 Fibonacci retracement level or the high of 0.67194.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 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
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.