NzdUsd towards 0.67 again?Exactly like its currency sister Aud, Nzd has held support and now is reversing.
That being said I expect NzdUsd to continue its rise and a break of 0.66 interim resistance could lead to further gains towards 0.67.
As long as 0.6520 is intact buy dips is my preferred scenario
Nzdusdbuy
NZD/USD Technical Analysis
As suggested earlier, the counter found support at the supportive trendline and bounced off.
Now, it has broken the resistive trendline as well and consolidating just above it.
We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
The support zone marked in the chart can cap any declines.
NzdUsd outlookYesterday I've written that 0.65 is "the line in the sand" for NzdUsd and this support is becoming more and more strong with bears very reluctant around that area.
Now the pair is trading at 0.6555, very close of the recent range resistance and a break here would put bulls in advantage and would expose 0.6650 resistance.
NZDUSD - SWING - 24. AUGU. 2020Welcome to our weekly trade setup ( NZDUSD )!
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1 HOUR
Bearish market looks like it took an end.
4 HOUR
Expecting a direction change and price closed above main sr.
DAILY
Good long entries right now.
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FOREX SWING
BUY NZDUSD
ENTRY LEVEL @ 0.65510
SL @ 0.64970
TP @ 0.66320
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZD/USD pair is trading above the strong support level of 0.6520The pair is buying and selling above the robust assist stage of 0.6520. The pair is negatively affected by the US-China stress, in addition to the expectation of the publication of the minutes of the final assembly of the Reserve Financial institution of New Zealand on Tuesday.
Technical aspect:
The value is beneath the center Bollinger band, beneath SMA 5 and SMA 14. RSI is above the oversold zone and strikes horizontally. Stoch are declining.
Buying and selling suggestions:
If the pair falls beneath the 0.6520, it could go additional all the way down to 0.6450.
NZDUSD - SWING - 11. AUGU. 2020Welcome to our weekly trade setup ( NZDUSD )!
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1 HOUR
Bullish break and closure above main sr level.
4 HOUR
Overall sideways moving market structure.
DAILY
Good long entries, expecting another push to the upside!
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FOREX SWING
BUY NZDUSD
ENTRY LEVEL @ 0.66070
SL @ 0.65820
TP @ 0.66770
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZD/USD expect going to uptrendNZD/USD foreign money pair closed the buying and selling week close to 0.6600. The pair is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development for NZD/USD. This buying and selling week, the pair is predicted to develop and take a look at the higher sure of Ichimoku Kinko Hyo close to the extent of 0.6730. Merchants ought to count on the pair's try and rebound and additional development with a goal close to 0.6815.
NZD/USD: Bulls fail to break the 0.66 key level againNZD/USD bulls have failed to break the 0.66 level once again. However, the bears couldn't take advantage of this. All though the chances of a drop towards 0.64 is increasing, waiting for a clear break of the 0.6550 level is important for the sellers.
How NZD/USD will move this week depends a lot on the state of the global equities. So, keep an eye on the global stock markets. If the stocks start bleeding this week, there's a high chance that NZD/USD may drop.