|   Technicals


  |   Technicals


FxWirePro: NZD/USD Daily Outlook

NZD/USD chart - Trading View 

Technical Analysis: Bias Bullish

GMMA Indicator:

- Major Trend: Neutral

- Minor Trend: Bullish

Ichimoku Analysis:

- Price action in the pair is above daily cloud, Chikou Span indicates further upside


- RSI is above 50 mark and is biased higher

- Stochs show bullish momentum, are approaching overbought levels, but no signs of reversal

Bollinger Bands:

- Bollinger Bands are wide and rising, volatility is high and could see substantial price movements


- Previous Week High/Low - 0.6157/ 0.5924

- Previous Session High/Low - 0.6108/ 0.6083

Major Support Levels: 0.6121 (5-DMA), 0.6088 (55-EMA), 0.6068 (21-EMA)

Major Resistance Levels: 0.6182 (110-EMA), 0.62, 0.6264 (61.8% Fib)

Summary: NZD/USD pullback has held support at 55-EMA and is extending bounce for the 2nd straight session. Rising volatility and bullish momentum will drive prices higher. 110-EMA is immediate hurdle at 0.6182. Break above 110-EMA will fuel further gains. Weakness only below 55-EMA.

  • Market Data

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.