NZDUSD Technical Analysis: The NZDUSD pair is trading in an upward trend today, as the pair recorded its highest level so far at 0.57320, and the lowest level at 0.56917, and is currently trading at 0.57252.
NZDUSD Technical Analysis: Technical Analysis
Technically, the pair is trading above the moving averages, which reinforces the support for the bullish trend at the moment. The MACD indicator also indicates a positive trend, indicating a strong bullish momentum that may continue to push prices higher in the short term.
Trading Expectations:
Based on these technical data, the pair is expected to continue its bullish movements in the short term if it continues to trade above the moving averages. The pair may witness some volatility.
but the general trend supports the continuation of the rise as long as the momentum remains positive in the market. It is important to follow the movements of the MACD indicator to identify any changes that may occur in the bullish momentum.
Trading strategies based on Buy/Sell levels
| NZDUSD | In case of buying | in case of selling |
| Entry point | 0.57353 | 0.57078 |
| Target Point 1 (TP1) | First resistance: 0.57503 | First support: 0.56983 |
| Target Point 2 (TP2) | Second resistance: 0.57702 | Second support: 0.56881 |
| Stop Loss (SL) | 0.57078 | 0.57353 |
The NZD/USD pair appears to be in an uptrend supported by prices trading above moving averages and positive momentum from the MACD indicator. This uptrend is expected to continue in the short-term, providing upside trading opportunities as long as positive momentum continues to dominate the market.
