The New Zealand Dollar (NZD) is trading in a consolidation range after a sharp downward movement. The price found strong support at 0.5507 and began forming a limited upward rebound
Technical Indicator Analysis
Moving Averages
The price remains below the short- and medium-term averages, reflecting continued selling pressure, but attempts to stabilize are emerging near support levels. A potential positive crossover if 0.5570 is breached could change the short-term trend
MACD
The indicator is showing a positive crossover with the beginning of positive bars, supporting the possibility of an upward correction
Stochastic
The indicator is moving in the overbought zone (75), indicating a potential slowdown in the upward momentum or a sideways correction before resuming the trend.
Possible Scenarios
Bullish Scenario
If 0.5570 is breached, the upward trend could extend towards 0.5592.
Consolidation above 0.5549 supports this scenario
Bearish Scenario
A return to the 0.5528 break could re-establish selling pressure towards 0.5507, with the possibility of targeting lower levels if the decline accelerates.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | GBPUSD |
| 0.55708 | 0.55266 | Entry point |
| First resistance: 0.55920 | First support: 0.55286 | Target Point 1 (TP1) |
| Second resistance 0.56120 | Second support: 0.55206 | Target Point 2 (TP2) |
| 0.55266 | 0.55708 | Stop Loss (SL) |
The overall trend for the NZD/USD pair remains negative in the medium term, but current movements indicate the possibility of a limited upward correction.
NZD/USD: Holding above 0.5549 could support a bullish attempt towards 0.5592, while a break above 0.5528 could reinforce the return of selling pressure.
The optimal strategy: Monitor price action around key technical levels and trigger entry orders based on confirmation of a breakout or breach.
