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Nzdusdanalysis

Will the new increase (nzd/usd) be sharp?In my opinion, this currency pair is in a 5-wave downward trend. We are currently in the middle of wave 4 and the first part of wave 4 movement has been completed. Currently, we should expect the formation of the second part of wave 4. In the second part of the movement of wave 4, selling pressures will decrease and buyers will take over the market. As a result, the second part of the wave will be very sharp. Be successful and profitable
Long
by Ali_Mozafarie
NZD/USD technical analysis: 200-day moving average next?There have been some interesting technical developments in the NZD/USD daily chart recently. The price action this week effectively broke above the 50-day moving average’s dynamic resistance at 0.627, with the Kiwi dollar extending to 0.645. The NZD/USD pair hasn’t traded above 50-dma since early April. The Reserve Bank of New Zealand will meet next Wednesday, with the market pricing in a fourth consecutive 50-basis-point hike, with the official cash rate expected to rise to 3%. As a result, New Zealand has the highest interest rates among major countries, giving the Kiwi dollar a relative advantage vis-à-vis peers. The MACD, which has decisively broken above the zero line, and the 14-day Relative Strength Index, which is approaching overbought conditions, provide additional evidence of positive momentum. The last time the RSI was this high was on March 23. The next area of resistance is at the level of 0.658 (June high). A break through this barrier would pave the way for an assault on the 200-day moving average at 0.663, where we could see some profit-taking behaviour emerge, given the 10% rally from July's lows.
by Capitalcom
NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move. If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial