NZDUSD Technical Analysis: The NZD/USD pair continues its upward trend today, as the pair recorded its highest price so far at 0.5691 and its lowest price at 0.5633. Currently, the pair is trading at 0.5671, reflecting stability within an upward range that enhances the possibility of the continuation of the positive trend during the upcoming sessions.
NZDUSD Technical Analysis: Price Analysis
Looking at the short-term price action, the pair is currently trading above the main moving averages.
which reinforces expectations that the upward trend will continue. Trading above these averages indicates the strength of the upward momentum, which reflects the possibility of the pair continuing to rise in the near term.
Technical Analysis Using the MACD Indicator: The MACD indicator supports this upward trend, as it shows a positive crossover between the lines, which reflects more upward momentum. The MACD indicator is also trading in the positive zone, which reinforces optimism regarding the continuation of the upward trend under current market conditions.
Outlook:
The pair is expected to continue trading in an uptrend during the day, as prices are trading above the moving averages indicating a continuation of the positive momentum. If the price continues to maintain these levels or records further gains, it may be able to test higher resistance levels, especially if the 0.5691 level is breached.
which may pave the way for further gains.
Trading strategies based on Buy/Sell levels
| NZDUSD | In case of buying | in case of selling |
| Entry point | 0.5681 | 0.5651 |
| Target Point 1 (TP1) | First resistance: 0.5695 | First support: 0.5640 |
| Target Point 2 (TP2) | Second resistance: 0.5720 | Second support: 0.5630 |
| Stop Loss (SL) | 0.5651 | 0.5681 |
The NZD/USD pair is in an uptrend supported by moving averages and the MACD indicator. Traders are advised to follow important technical levels.
such as support at 0.5633 and resistance at 0.5691, to identify accurate trading opportunities in this uptrend.
