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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 0.6008
This currency name - NZD/USD
Resistance and Target - 0.6043
Support and Stop Loss - 0.5973
Always follow Long time frame market trend.
Signal is Sell.
high level points of current day -
0.6043
low level points of current day -
0.5973
pair is highly in buy direction.
Barring some ticks due to the lack of liquidity, NZD/USD remains mostly quiet.
Broad US dollar weakness favors the kiwi pair’s latest up-moves.
New Zealand markets are off but China data could offer some moves.
While extending the previous day’s moves, NZD/USD seesaws around 0.6080 amid the early Asian session on Good Friday. As most markets are closed, including those in New Zealand, the lack of liquidity is a concern for the pair ahead of China’s monthly inflation data. Even so, broad US dollar weakness helps the buyers to remain hopeful.
NZD/USD witnesses fresh downside pressure as risk-tone gets heavy.
Coronavirus keeps weighing on the market’s trading sentiment.
Easter Monday holiday restricts major moves.
NZD/USD steps back from four-week high to currently around 0.6075, down 0.11%, during the Asian session on Monday. Although a lack of major trading activity, due to the Easter Monday holiday, might have curbed the pair’s moves, the latest declines could have taken clues from the coronavirus (COVID-19) outbreak.
In addition to infecting over 1.8 million people globally, coupled with more than 114,000 deaths, the pandemic recently pushed the US to become the global hotspot with more than 20,000 deaths and above 530,000 cases.
Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows market is going up. so buy position is best for traders
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
trader can trade according forex market situation and earn good profit everyweek.
Dear all forum member
this day I will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
I suggest to take short terms position on SELL today.
forex market is going to down position . if you like and gain good profit open sell order to gain good profit.
I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
my technical analysis and some opinion about this pair
I using technical analysis. pivot point is the point in which the market sentiment changes from bearish to bullish.
support and resistance calculations give good signal for bullish.we can see a Buy signal on MACD indicator.
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
take Long position can give profit in forex market today.
high level points of current day -
0.6015
low level points of current day -
0.5989
pair is highly in buy direction.
NZDUSD trend is sell
Pivots Point: 0.66015
1 Resistance level is 0.67662
2 Resistance level is 0.67249
3 Resistance level is 0.68916
1 Supporting level is 0.65319
2 Supporting level is 0.65632
3 Supporting level is 0.64065
we predict future values with technical analysis for wide selection of Forex (Foreign Exchange) pairs like NZD to USD . If you are looking for foreign exchange rates with good return, NZD to USD can be a bad, high-risk 1-year investment option. NZD/USD rate equal to 0.60093 at 2020-04-28, but your current investment may be devalued in the future.