NZD/USD, D1
On D1 chart the pair corrected to the middle line of Bollinger Bands. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is about to cross the border of the oversold area from above after which a signal for the opening of long positions will be formed.
NZD/USD, H4
On the H4 chart, the downtrend is still in effect, the instrument is declining by the lower border of Bollinger Bands. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is on the border with the oversold area, the signal line is pointing down.
Key levels
Support levels: 0.7280, 0.7250, 0.7230, 0.7200, 0.7175.
Resistance levels: 0.7305, 0.7330, 0.7360, 0.7380, 0.7400, 0.7435.
Trading tips
According to technical indicators, short positions could be opened from the current level with the target at 0.7230 and stop-loss at 0.7320. Implementation time: 1-3 days.
Long positions may be opened from the level of 0.7330 with the target at 0.7380. Stop-loss is at 0.7300 mark. Implementation period: 3-5 days.
New Zealand Dollar vs US Dollar
Buy Sell Spread
0.72841 0.72815 26
Scenario
Timeframe Day's Range
Recommendations SELL
Entry Point 0.7288
Take Profit 0.7230
Stop Loss 0.7320
Support levels 0.7175, 0.7200, 0.7230, 0.7250, 0.7280, 0.7305, 0.7330, 0.7360, 0.7380, 0.7400, 0.7435
Alternative scenario
Recommendations BUY STOP
Entry Point 0.7330
Take Profit 0.7380
Stop Loss 0.7300
Support levels 0.7175, 0.7200, 0.7230, 0.7250, 0.7280, 0.7305, 0.7330, 0.7360, 0.7380, 0.7400, 0.7435
On D1 chart the pair corrected to the middle line of Bollinger Bands. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is about to cross the border of the oversold area from above after which a signal for the opening of long positions will be formed.
NZD/USD, H4
On the H4 chart, the downtrend is still in effect, the instrument is declining by the lower border of Bollinger Bands. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is on the border with the oversold area, the signal line is pointing down.
Key levels
Support levels: 0.7280, 0.7250, 0.7230, 0.7200, 0.7175.
Resistance levels: 0.7305, 0.7330, 0.7360, 0.7380, 0.7400, 0.7435.
Trading tips
According to technical indicators, short positions could be opened from the current level with the target at 0.7230 and stop-loss at 0.7320. Implementation time: 1-3 days.
Long positions may be opened from the level of 0.7330 with the target at 0.7380. Stop-loss is at 0.7300 mark. Implementation period: 3-5 days.
New Zealand Dollar vs US Dollar
Buy Sell Spread
0.72841 0.72815 26
Scenario
Timeframe Day's Range
Recommendations SELL
Entry Point 0.7288
Take Profit 0.7230
Stop Loss 0.7320
Support levels 0.7175, 0.7200, 0.7230, 0.7250, 0.7280, 0.7305, 0.7330, 0.7360, 0.7380, 0.7400, 0.7435
Alternative scenario
Recommendations BUY STOP
Entry Point 0.7330
Take Profit 0.7380
Stop Loss 0.7300
Support levels 0.7175, 0.7200, 0.7230, 0.7250, 0.7280, 0.7305, 0.7330, 0.7360, 0.7380, 0.7400, 0.7435