NZD/USD

[Dmitriy Ushakov]

After a pullback to support in the area 0.7669 NZD/USD made another assault on the resistance around 0.7739, and again unsuccessfully. The reserve Bank of New Zealand decided to leave interest rate unchanged at 3.5%, however, the NZD/USD broke above support and fell to 0.7590.
Today the bears tested the mark 0.7572. Thus, the pair is in danger to fall further in the short term to test support around 0.7533, a break of which will lead to the fall to 0.7500.

 

[Dmitriy Ushakov]

Expectations of lowering the Reserve Bank of New Zealand interest rate continues to negatively affect the dynamics of the New Zealand dollar, which last Monday broke support at 0.7420 and fell to 0.7339, and in the Asian session - through to 0.7327. On Tuesday, NZD was able to recover to 0.7400 against the USD sales background.

 

[Dmitriy Ushakov]

All efforts of bulls to break resistance 0.6760 failed which tells that risks for decline are still here. Current Lows are not necessarily will be broken. It is likely that te pair will consolidate within the range.

 

[AliMuh]

Bearish Shooting Star formed at former support level (Now act as resistance) and dynamic resistance (EMA 21). I like to sell this pairs to rejoin the major downtrend.

 

[AliMuh]

The shape of the candle is of course a hammer, and that is bullish but we feel a bit uneasy about trying to start buying this market on a countertrend attempt. We believe that the market will continue to favor the sellers overall but certainly we’ve been oversold for some time, so we will have to keep our minds on that fact.

 

[Dmitriy Ushakov]

The NZD/USD was quite volatile yesterday also. It touched a new low, and was instantly bought. However, the downtrend remains. The price is now in a strong resistance area. Stochastics is reduced, both the daily and 4 hour. I sold from 0.6610 with a target 0.6490, but the minimum lot size and short stop, my depsit is a bit overloaded).

 

[Dmitriy Ushakov]

The third trading session in a row was closed by the pair NZD/USD by growth, but it is still traded in the 63rd figure. H4 chart shows that the indicators are close to overboughtness zone, suggesting to us that we can consider the possibility of Sale of the pair from zone of resistance levels 0.6383 - 0.6413 and the upper border of the trading channel to support level 0.6338 and 0.6308.

 

[Dmitriy Ushakov]

On the daily chart, the currency pair NZD/USD has reached a strong resistance level 0.6700. After a long upward movement, I can expect a decent pullback. Those who are in purchases - take profit. The next purchase can be considered only after consolidation of the price above this level.

 

[Dmitriy Ushakov]

Medium-term consolidation of the New Zealander from the level of support 0.6110 stopped in the bottom edge of the downtrend channel - 0.6900 resistance level. Below this level, we expect consolidation with the bounce down.

 

[Dmitriy Ushakov]

Yesterday the pair NZD/USD was traded towards the south, having passed 44 points (0.6495 - 0.6451) for the trading session. Now the pair is in the area between the resistance level at around 0.6472 and 0.6493 and support levels 0.6449 and 0.6428. Indicators point to the possibility of selling the pair to the support level.

 

[Dmitriy Ushakov]

On Wednesday, the pair NZD/USD bounced off the upper border of the rising channel and overcame 67 points to the south. Now it is traded below the resistance level at 0.6643 and 0.6674. Indicators say we can sell to support levels 0.6607 and 0.6576, but at the bottom of the channel we should look for the entry point in purchases.

 

[Dmitriy Ushakov]

Like all majors pairs, NZD/USD ahd been dropping yesterday and went to the south more than 100 points, where currently the pair is traded at the bottom of the rising channel. If the pair manages to leave the channel, we shall consider sale from support levels 0.6656 and 0.6613. If the pair rebounds, it is worth buying to the resistance level at around 0.6729 and 0.6772.

 

[Dmitriy Ushakov]

For the last trading session, trading range of the currency pair NZD/USD was 70 points on the graph and at the moment H4 shows it between the flat resistance levels 0.6588 and 0.6618 and the support level around 0.6548 and 0.6518. Today we should consider Buy trades above $ 0.6588, and the pair shall be sold below support 0.6548.

 

[Dmitriy Ushakov]

The last trading session the currency pair NZD/USD was held in a southerly direction 88 points and rebounded from the lower boundary of the rising channel that can be seen on the chart H1. Indicators shows the possibility of buying the pair to the resistance levels 0,6557 and 0,6601. Support levels today are located at 0,6509 and 0,6465.