NZD/USD, H4
On the H4 chart, a lateral trend has formed. The instrument is traded in a channel formed by the boundaries of Bollinger Bands, the price range is narrowed. MACD histogram is close to the zero level, keeping the minimum volumes; the signal line is moving horizontally without generating a specific signal to enter the market.
NZD/USD, D1
On the D1 chart, the lateral trend remains as well. The instrument is trading between the upper and center lines of Bollinger Bands, the indicator cloud is narrowed. MACD histogram is in the positive area with minimal volumes; the signal line is moving horizontally along the zero mark.
Key levels
Resistance levels: 0.6435, 0.6465, 0.6486.
Support levels: 0.6418, 0.6393, 0.6383, 0.6370, 0.6353, 0.6333, 0.6321.
Trading tips
Long positions may be opened from the current level with target at 0.6465 and stop loss at 0.6390.
Short positions may be opened from the level of 0.6390 with target at 0.6340. Stop loss – 0.6420.
Implementation time: 1-3 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.6417
Take Profit 0.6465
Stop Loss 0.6390
Key Levels 0.6321, 0.6333, 0.6353, 0.6370, 0.6383, 0.6393, 0.6418, 0.6435, 0.6465, 0.6486
Alternative scenario
Recommendation SELL STOP
Entry Point 0.6390
Take Profit 0.6340
Stop Loss 0.6420
Key Levels 0.6321, 0.6333, 0.6353, 0.6370, 0.6383, 0.6393, 0.6418, 0.6435, 0.6465, 0.6486
On the H4 chart, a lateral trend has formed. The instrument is traded in a channel formed by the boundaries of Bollinger Bands, the price range is narrowed. MACD histogram is close to the zero level, keeping the minimum volumes; the signal line is moving horizontally without generating a specific signal to enter the market.
NZD/USD, D1
On the D1 chart, the lateral trend remains as well. The instrument is trading between the upper and center lines of Bollinger Bands, the indicator cloud is narrowed. MACD histogram is in the positive area with minimal volumes; the signal line is moving horizontally along the zero mark.
Key levels
Resistance levels: 0.6435, 0.6465, 0.6486.
Support levels: 0.6418, 0.6393, 0.6383, 0.6370, 0.6353, 0.6333, 0.6321.
Trading tips
Long positions may be opened from the current level with target at 0.6465 and stop loss at 0.6390.
Short positions may be opened from the level of 0.6390 with target at 0.6340. Stop loss – 0.6420.
Implementation time: 1-3 days.
Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.6417
Take Profit 0.6465
Stop Loss 0.6390
Key Levels 0.6321, 0.6333, 0.6353, 0.6370, 0.6383, 0.6393, 0.6418, 0.6435, 0.6465, 0.6486
Alternative scenario
Recommendation SELL STOP
Entry Point 0.6390
Take Profit 0.6340
Stop Loss 0.6420
Key Levels 0.6321, 0.6333, 0.6353, 0.6370, 0.6383, 0.6393, 0.6418, 0.6435, 0.6465, 0.6486