NZDUSD Technical Analysis: The NZDUSD pair is trading at the beginning of an upward trend during the American session, as the pair recorded a high of 0.6075 and a low of 0.6052, with the current price standing at 0.6072.
NZDUSD Technical Analysis Technical Analysis:
When analyzing the chart, we notice that prices are trading above the moving averages indicators, which reinforces the support for the upward trend. The MACD indicator also shows the end of the negative trend and the beginning of the positive trend, indicating a possible improvement in the upward momentum.
Trading Expectations:
With the beginning of this upward trend, the pair is expected to continue rising, but it is important to follow any warning signs that may appear on the technical indicators.
Trading strategies based on Buy/Sell levels
NZDUSD | In case of buying | in case of selling |
Entry point | 0.6079 | 0.6060 |
Target Point 1 (TP1) | First resistance: 0.6090 | First support: 0.6054 |
Target Point 2 (TP2) | Second resistance: 0.6110 | Second support: 0.6038 |
Stop Loss (SL) | 0.6060 | 0.6079 |
Traders should take advantage of the opportunities arising from the current upward trend, focusing on technical analysis to improve their strategies and increase their chances of trading success.