Printable View
4-hour chart noticeable that the rate has a significant number of obstacles in the form of an alligator moving and while you can think about buying only at normal capacity is above them, and yet still have a good chance of resuming their southern fall.||
SMA 50 continues to form strong support barrier prevents pair New Zealand dollar against the U.S. dollar from achieving any lower, supported by positive stochastic, and this is what encourages us to keep our expectations of the general bullish trend, which requires overcome the 0.8195 barrier as an important first step.
Conversely, break of 0.8150 will carry a price to visit the support for the ascending channel - described the dotted line - about 0.8080
Expected trading range for today is between: Support 0.8080 and resistance 0.8400
General tendency is expected for the day: UP
The classical U-shape price action here and still bias is to the upside but please be carefull with this one, because if BUY ZONE trend line @ 0.8330 is broken to the downside, then next important level is @ 0.8190
nzd.usd day time analysis of the market with two indicator adx wilder(14) & adx(14).the value of two
different indicator shows us that
adx wilder(14) level
style : 20.53
+di : 26.73
-di : 18.68
adx(14) level
adx : 29.49
+di : 29.94
-di : 11.24
timeframe : m15
time : 0700 gmt
market trend : bearish
The New Zealand dollar edged higher against the U.S. dollar in holiday thinned trade on Monday, as local markets remained closed for Labor Day.
NZD/USD hit 0.8188 during European morning trade, the session high; the pair subsequently consolidated at 0.8170, easing up 0.15%.
The pair was likely to find near-term support at 0.8140, the low of October 17 and resistance at 0.8229, the high of October 18.
The New Zealand dollar was stronger against the Australian dollar after Australia�s government said it will cut spending to help produce a budget surplus this fiscal year, fuelling speculation over a rate cut by the country�s central bank next month.
Earlier Monday, Australian Treasurer Wayne Swan said the government remained on track to produce a budget surplus in the current fiscal year and added that planned spending cuts meant the Reserve Bank of Australia had increased scope to cut interest rates.
Market participants were looking ahead to Australian inflation data later in the week, amid concerns that weak numbers could increase the likelihood for an interest rate cut.
The Reserve Bank of New Zealand was expected to keep interest rates on hold at 2.5% following its policy meeting later in the week.
||||4-hour chart noticeable that the rate has a significant number of obstacles in the form of an alligator moving and while you can think about buying only at normal capacity is above them, and yet still have a good chance of resuming their southern fall.|||||
NZDUSD had been rejected by the 0.8224 resistance level yesterday. After the rejection, NZDUSD decline and now this pair is moving around the 0.8173 support level. If NZDUSD can break this support and also the yesterday's low, I think NZDUSD will fall to the next support level at around 0.8126.
NZD/USD intraday: DOWNSIDE trend, provided that 0.829 is resistance
Pivot@ 0.829
My choice: Open SELL positions underneath 0.829 with targets at 0.819 and 0.815 in extension.
Alternate choice conditions: On top of 0.829 search for additional up-side with 0.8345 and 0.8395 as targets.
The NZD / USD pair is trading in a narrow range and settles around 0.6700, and as long as the price is below 0.6785, our bearish outlook remains valid, supported by the negative pressure formed by SMA 50, with the next target at 0.6654.
Technical analysis for this pairs
nzd/usd analysis for 30.12.2018
( NZD/USD ) price sell (minimum) is 0.6768
or buy (maximum) 0.6778
After opening market today, price move up until 0.7550 then down until now. This price decline is still affected daily trend movements which has been shown by HMA 32,192,860 moving down. For further declines, prices will first test the support level 1 daily (0.7484). But in that level price may able to retraced up but weak then down again.