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FX.co ★ Technical Analysis of Intraday Price Movements of NZD/USD Commodity Currency Pair, Tuesday, December 27 2022

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Forex Analysis:::2022-12-27T10:06:48

Technical Analysis of Intraday Price Movements of NZD/USD Commodity Currency Pair, Tuesday, December 27 2022

Technical Analysis of Intraday Price Movements of NZD/USD Commodity Currency Pair, Tuesday, December 27 2022

Considering that we are currently entering the Christmas and New Year holiday season, the NZD/USD Commodity currency pair on the 4-hour chart has the potential to move within a narrow range in the range 0.6228 - 0.6511, however due to the emergence of deviations between price movements and the Stochastic Oscillator indicator, the Kiwi has the potential to try to test the 0.6406 level as the first target and 0.6511 as the second target. However, if the momentum and volatility are inadequate, please pay attention to the 0.6228 level because if this level is successfully broken then NZD/USD has the potential to weaken.

(Disclaimer)

Analyst InstaForex
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