Technical Analytics Report

šŸ””NZD/USD, H4

An uptrend is forming on the 4-hour chart. The instrument returned to growth after a short correction and is trading around the middle line of Bollinger bands. The indicator cloud is widened; the upward dynamics are likely to remain in the short term. The MACD histogram is in the positive area, the signal line crosses the body of the histogram upwards, forming a signal to open long positions. Stochastic moves in the neutral zone, the oscillator lines reverse upwards from the border with the oversold zone.

šŸ””NZD/USD, D1

On the daily chart, the uptrend is still in effect. The instrument is growing along the upper border of Bollinger bands, the indicator cloud is expanding, and the growth is likely to continue in the medium term. The MACD histogram is in the positive area, maintaining a signal to open buy orders. Stochastic moves at the border with the overbought zone, the oscillator lines are directed horizontally and do not form a definite signal to enter the market.

Key levels

Resistance levels: 0.7210, 0.7240, 0.7270, 0.7300.

Support levels: 0.7190, 0.7170, 0.7150, 0.7120.

Trading tips

Long positions may be opened from the current level with the target at 0.7270 and stop loss 0.7180. Implementation period: 1ā€“3 days.

Short positions may be opened from the level of 0.7170 with the target at 0.7120 and stop loss 0.7200.

New Zealand Dollar to US Dollar
Buy Sell Spread
0.72668 0.72643 25
Scenario
Timeframe Day’s Range

āœ…Recommendations BUY

Entry Point 0.7217
Take Profit 0.7270
Stop Loss 0.7180

Support levels 0.7120, 0.7150, 0.7170, 0.7190, 0.7210, 0.7240, 0.7270, 0.7300

Alternative scenario
āœ…Recommendations SELL STOP

Entry Point 0.7170
Take Profit 0.7120
Stop Loss 0.7200

Support levels 0.7120, 0.7150, 0.7170, 0.7190, 0.7210, 0.7240, 0.7270, 0.7300

Ā 

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