NZD/USD, D1
On the daily chart, the instrument is growing towards the upper border of Bollinger bands, the price range is narrowing. MACD histogram is in the negative area; its volumes are decreasing, keeping the signal for opening short positions. Stochastic is on the border with the overbought area and is directed upwards. After crossing the border, a sell signal will be generated.
NZD/USD, H4
On the 4-hour chart, the instrument is traded between the upper border and the middle line of Bollinger bands. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic in the neutral zone, its lines are directed upwards.
Key Levels
Resistance levels: 0.7030, 0.7050, 0.7070, 0.7100.
Support levels: 0.7000, 0.6975, 0.6950, 0.6935, 0.6920, 0.6900, 0.6880.
Trading tips
In the short term, long positions can be opened from the current level with the target at 0.7050 and stop loss 0.6985.
Short positions can be opened from the level of 0.6970 with the target of 0.6920 and stop loss 0.7000.
Implementation period: 1–3 days.
New Zealand Dollar vs US Dollar
Buy Sell Spread
0.70429 0.70402 27
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 0.7019
Take Profit 0.7050
Stop Loss 0.6985
Support levels 0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7030, 0.7050, 0.7070, 0.7100
Alternative scenario
Recommendations SELL STOP
Entry Point 0.6970
Take Profit 0.6920
Stop Loss 0.7000
Support levels 0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7030, 0.7050, 0.7070, 0.7100
On the daily chart, the instrument is growing towards the upper border of Bollinger bands, the price range is narrowing. MACD histogram is in the negative area; its volumes are decreasing, keeping the signal for opening short positions. Stochastic is on the border with the overbought area and is directed upwards. After crossing the border, a sell signal will be generated.
NZD/USD, H4
On the 4-hour chart, the instrument is traded between the upper border and the middle line of Bollinger bands. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic in the neutral zone, its lines are directed upwards.
Key Levels
Resistance levels: 0.7030, 0.7050, 0.7070, 0.7100.
Support levels: 0.7000, 0.6975, 0.6950, 0.6935, 0.6920, 0.6900, 0.6880.
Trading tips
In the short term, long positions can be opened from the current level with the target at 0.7050 and stop loss 0.6985.
Short positions can be opened from the level of 0.6970 with the target of 0.6920 and stop loss 0.7000.
Implementation period: 1–3 days.
New Zealand Dollar vs US Dollar
Buy Sell Spread
0.70429 0.70402 27
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 0.7019
Take Profit 0.7050
Stop Loss 0.6985
Support levels 0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7030, 0.7050, 0.7070, 0.7100
Alternative scenario
Recommendations SELL STOP
Entry Point 0.6970
Take Profit 0.6920
Stop Loss 0.7000
Support levels 0.6880, 0.6900, 0.6920, 0.6935, 0.6950, 0.6975, 0.7000, 0.7030, 0.7050, 0.7070, 0.7100