FX:NZDUSD   New Zealand Dollar / U.S. Dollar
48 0 1
Current trend

Today, the NZD/USD             pair has strengthened amid the publication of FOMC Minutes and New Zealand Producer Prices statistics. In the third quarter, output and input prices both grew 1.3% and 1.6%, respectively.
However, another cut in NZ             interest rates is possible at the upcoming RBNZ meeting. The country is facing a decline in economic growth due to a slowdown in China's economy, the largest trading partner of New Zealand, and a fall in commodity and dairy products prices. Thus, in the medium term, the NZD/USD             pair may continue declining.

Support and resistance

The NZD/USD             pair has strengthen to the resistance level of 0.6530 (EMA50 on the 4-hour chart), which is also the upper border of a downward channel on the 4-hour chart.
According to the OsMA and Stochastic indicators on the daily chart , short positions are more preferable, however, an upward correction may continue. On the 4-hour chart, Stochastic is in the overbought zone.

Support levels: 0.6500, 0.6470, 0.6435, 0.6400.
Resistance levels: 0.6585, 0.6615, 0.6700, 0.6770.

Trading tips

Short positions can be opened from the levels of 0.6550, 0.6530, 0.6510 with targets at 0.6470, 0.6435, 0.6400, 0.6310 and stop-loss at 0.6560.
Long positions would become valid only after the consolidation above the level of 0.6610.
More analytic from LiteForex:
English https://www.liteforex.com/blog/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
You can choose any language on our site
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out