FX.co ★ NZD/USD

T E C H N I C A L _ A N A L Y S I S N Z D / U S D Hello, today, I will explain the NZD/USD price in-depth to trade with low risk. Thank you all for coming to read my post and enjoying yourself with friends and family. Now we enter the 2 nd last day of the week. NZD/USD is trading at 0.5771 at the time of writing. Currently, this chart is filled with the buyers' pressure. According to the current price change, this trend is still very strong. In this chart, the relative strength index value of 53 indicates that the market may be positive but not overbought because the Relative Strength Index (RSI) is at 53. At the same time, the Moving average convergence divergence (MACD) also shows a bullish signal because the signal line or slow line is above the zero line or midline. The Moving averages also show a bullish signal because, based on this chart reference, the bullish trend remains as the candles are still moving above the 2 major MAs I use.

The significant resistance level for NZD/USD is 0.6523. If NZD/USD breaks the upper 0.6523 level at this time, then we can see strength in NZD/USD and NZD/USD will move further toward the 0.7447 level of resistance, which is the 2nd level of resistance. After that, NZD/USD will move further toward the 3rd level of resistance. On the other hand, the significant support level for NZD/USD is 0.5534. At this time, if NZD/USD breaks below the support of 0.5534, then NZD/USD can become weaker and fall, and NZD/USD will decline toward the 0.4738 level of support, which is the 2nd level of support. After that, NZD/USD will decline further toward the 3rd level of support. In this time frame, the price is forming an uptrend structure. So in summary, today’s NZD/USD trading plan is to buy. The indicators used in the chart: MACD indicator: RSI indicator period 14: 50-day exponential moving average color Orange: 20-day exponential moving average color Magenta: