NZDUSD Technical Analysis pair: Weak upward trend

American session, date: 7/3/2024

Introduction and overview

This report provides a technical analysis of the New Zealand dollar against the US dollar during the American session, focusing on trading strategies based on resistance and support levels. The pair is currently trading at the level of $0.6071. Prices are trading above most of the moving average intersections, indicating a weak upward trend. The MACD indicator shows an end to the positive trend, which enhances the negative possibilities for the pair.

NZDUSD Technical Analysis

Trading strategies based on Buy/Sell levels

NZDUSD In case of buying in case of selling
Entry point 0.6088 0.6063
Target Point 1 (TP1) First resistance: 0.6095 First support: 0.6045
Target Point 2 (TP2) Second resistance: 0.6110 Second support: 0.6029
Stop Loss (SL) 0.6063 0.6088



The technical analytical study of this data showed clear results indicating the main trends and changes in the market. The technical indicators used and graphical analysis highlight the relative strength of the assets studied, and help identify potential investment opportunities and associated risks. This technical analysis reflects the importance of integrating modern tools and technologies into the investment decision-making process to enhance efficiency and accuracy. In light of these results, investors can improve their strategies and achieve better performance in the financial markets.

Related Articles