NZD/USD, H4
On the H4 chart, a lateral trend is forming. The instrument corrected to the center line of Bollinger Bands. MACD histogram is close to the zero level, keeping the minimum volumes; the signal line is moving horizontally along the zero level without generating a specific signal to enter the market.
NZD/USD, D1
On the D1 chart, the downtrend is still in force. The instrument is trading between the center and lower lines of Bollinger Bands; the price range is expanding. MACD histogram is in the negative zone keeping a signal for the opening of short positions.
Key levels
Resistance levels: 0.6305, 0.6331, 0.6348, 0.6361, 0.6370, 0.6400.
Support levels: 0.6281, 0.6264, 0.6254.
Trading tips
Short positions may be opened from the current level with target at 0.6254 and stop loss at 0.6320. Implementation time: 1-3 days.
Long positions may be opened from 0.6350 with target at 0.6400. Stop loss — 0.6320 Implementation time: 3-5 days.
Scenario
Timeframe Intraday
Recommendation SELL
Entry Point 0.6293
Take Profit 0.6254
Stop Loss 0.6320
Key Levels 0.6254, 0.6264, 0.6281, 0.6305, 0.6331, 0.6348, 0.6361, 0.6370, 0.6400
Alternative scenario
Recommendation BUY STOP
Entry Point 0.6350
Take Profit 0.6400
Stop Loss 0.6320
Key Levels 0.6254, 0.6264, 0.6281, 0.6305, 0.6331, 0.6348, 0.6361, 0.6370, 0.6400
On the H4 chart, a lateral trend is forming. The instrument corrected to the center line of Bollinger Bands. MACD histogram is close to the zero level, keeping the minimum volumes; the signal line is moving horizontally along the zero level without generating a specific signal to enter the market.
NZD/USD, D1
On the D1 chart, the downtrend is still in force. The instrument is trading between the center and lower lines of Bollinger Bands; the price range is expanding. MACD histogram is in the negative zone keeping a signal for the opening of short positions.
Key levels
Resistance levels: 0.6305, 0.6331, 0.6348, 0.6361, 0.6370, 0.6400.
Support levels: 0.6281, 0.6264, 0.6254.
Trading tips
Short positions may be opened from the current level with target at 0.6254 and stop loss at 0.6320. Implementation time: 1-3 days.
Long positions may be opened from 0.6350 with target at 0.6400. Stop loss — 0.6320 Implementation time: 3-5 days.
Scenario
Timeframe Intraday
Recommendation SELL
Entry Point 0.6293
Take Profit 0.6254
Stop Loss 0.6320
Key Levels 0.6254, 0.6264, 0.6281, 0.6305, 0.6331, 0.6348, 0.6361, 0.6370, 0.6400
Alternative scenario
Recommendation BUY STOP
Entry Point 0.6350
Take Profit 0.6400
Stop Loss 0.6320
Key Levels 0.6254, 0.6264, 0.6281, 0.6305, 0.6331, 0.6348, 0.6361, 0.6370, 0.6400
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.