NZDUSD Technical Analysis: Today, the pair is trading in a downtrend, having fallen from 0.6260 to a low of 0.6210, while it is currently trading at 0.6225. This performance reflects clear selling pressure in the market.
NZDUSD Technical Analysis: Technical Analysis
Moving Average Indicators
The analysis of the moving average indicators shows that the pair is trading below all averages, which reinforces the strength of the downtrend. This situation reflects the continuation of selling pressure and confirms the prevailing downtrend.
MACD Indicator
Looking at the MACD indicator, we find that there is a strength in the negative trend, which reflects the dominance of demand over selling. This signal supports expectations that the downtrend may continue in the short term.
Today’s Outlook
The NZD/USD pair is expected to continue its downtrend during today’s trading session. If the price breaks the support level at 0.6210, we may see further decline towards 0.6190. In case of an upward bounce, the resistance will be at the level of 0.6240.
Trading strategies based on Buy/Sell levels
| NZDUSD | In case of buying | in case of selling |
| Entry point | 0.6265 | 0.6201 |
| Target Point 1 (TP1) | First resistance: 0.6292 | First support: 0.6168 |
| Target Point 2 (TP2) | Second resistance: 0.6319 | Second support: 0.6138 |
| Stop Loss (SL) | 0.6201 | 0.6265 |
The NZD/USD pair remains under strong selling pressure, with signs of a continuation of the downtrend. It is important to monitor support and resistance levels to determine appropriate entry and exit points in the market.
