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Current trend
On Wednesday, the US celebrated Independence Day, the exchanges were closed, so USD movement was of a technical nature.
This week, the NZD/USD pair has renewed its lows since the end of May 2016, but could not consolidate below the psychological level of 0.6700. Last Monday, the US published negative Prices Paid statistics, which saved the pair from further decline, despite the decline in dairy products prices in New Zealand.
On Thursday, the key event is FOMC Minutes publication at 20:00 (GMT+2). In addition, at 14:30 (GMT+2) US labor market data will be released, and at 15:45 (GMT+2) June Markit PMI releases are expected. Investors are waiting for Friday when the June data on the US labor market and Retail Sales will be published and mutual trade duties on goods produced in China and the US will come into force.
Support and resistance
On the daily chart, the instrument was corrected to the lower border of Bollinger bands. The indicator is pointing down, and the price range has widened, indicating further downward dynamics. MACD histogram is in the negative area, keeping a strong sell signal. Stochastic left the oversold area, forming a buy signal.
Resistance levels: 0.6803, 0.6921, 0.6941, 0.7005, 0.7057.
Support levels: 0.6745, 0.6671, 0.6635, 0.6580.
Trading tips
Short positions can be opened below the level of 0.6670 with the targets at 0.6600, 0.6580 and stop loss 0.6700. Implementation period: 2–4 days.
Long positions can be opened above the level of 0.6845 with the target at 0.7055 and stop loss 0.6790. Implementation period: 1–3 days.
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is pair ne kal hi apna 1 bahut strong resistance .8270 ko break kiya hai...ye 1 bahut purana aur strong resistance tha is pair ka..
isko break karnek e baad isne fir down trend ke option diye h ai lekin i think iske signals ko aur clear hone ka wait karna chahiye kyunki isne abhi apna resistence toda hai
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Nzdusd pair kafi up levels par movement kar choka he aur mere analysis k mutabik ye aj kafi down ho sakta he
Down level ye rahega : 0.6722
Focused levels : 0.6786
Normally levels. : 0.6754
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NzdUsd bullish trend can continue , now current price at 0.6769 and strong support at level 0.6750 in hourly time frame. there is possible chance NzdUsd price will move to up side. then next high price is 0.6820
I suggest to entry buy with stoploss at 0.6735 and take profit at 0.6820
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nzd/usd maximum price 0.6855 and minimum 0.6722
Support Level 1 : 0.6799 Weekly R3 : 0.6762 Monthly
Support Level 2 : 0.6820 Short term R2 : 0.6744 Short term
Support Level 3 : 0.6844 Monthly R1 : 0.6722 Weekly
**************************** Trend : sell *********************************
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NZDUSD Today Prediction
Strategy: Strong in SELL , stop loss at 0.6830, take profit at 0.6700, 0.6670.
Resistance levels: 0.6810, 0.6840, and 0.6870.
Support levels: 0.6710, 0.6690, and 0.6660.
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Nzd/Usd pair in strong selling condition and in short term Nzd/Usd pair move up to price levels 0.6830 to 0.6850 but in long term Nzd/Usd pair in selling and i recommend for sell the Nzd/Usd on prices above 0.6780, 0.6820 and 0.6850 and adjust the take profit prices below 0.6720, 0.6670 and 0.6630 and must set the stop loss on prices above 0.6825 to 0.6850 and trader must analyze the Nzd/Usd current market direction and place order order on right price and make profitable trading.
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NzdUsd bullish trend can continue today, now current price at 0.6790 and strong support at level 0.6770 in hourly time frame. there is possible chance NzdUsd price will move to up side. then next high price is 0.6840
I suggest to entry buy with stoploss at 0.6755 and take profit at 0.6840
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Current trend
NZD is actively growing against USD, stepping off the record minimum of the beginning of the week, supported by technical factors and the reluctance of investors to open new positions before June US employment market publication.
In addition, on Friday, reciprocal duties on goods produced in the US and China will be implied for a total of $68 billion (for both countries). President Trump’s Administration is negotiating with EU countries. According to German publications, the American ambassador in Germany claimed the possibility not to imply a 20% duty on European cars, if the EU cancels the corresponding duties on American cars imported to the EU countries.
June employment market data are expected to be worse than in May. The unemployment rate will grow from 2.7% to 2.8%, and Nonfarm Payrolls can fall from 223K to 195K. Thursday’s ADP Employment Change statistic was poor and decreased from 189K to 177K in June.
Support and resistance
On the daily chart, Bollinger bands unfold horizontally. The price range narrows, reacting to a change in the trade direction. MACD grows, keeping a strong buy signal (the histogram is above the signal line). Stochastic grows almost vertically, but it is approaching its highs, which reflects that NZD is overbought in the short term.
Current readings do not contradict the development of the "bullish" trend in the short and/or ultra-short term.
Resistance levels: 0.6824, 0.6850, 0.6880, 0.6935.
Support levels: 0.6788, 0.6734, 0.6717, 0.6686.
Trading tips
Long positions can be opened after the breakout of 0.6824 with the targets at 0.6900–0.6935 and stop loss 0.6780.
Short positions can be opened after the rebound from 0.6824 and the breakdown of the level of 0.6788 with the targets at 0.6734, 0.6717, 0.6700 and stop loss 0.6830.
Implementation period: 2–3 days.
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Market for NZDUSD today should not go lower than 0.8189. After this move down it should go up to 0.8320 area.
Key Point 0.8200
Entry Point 0.8278
Trendline 1 0.8352
Trendline 2 0.8317
Support 1 0.8196
Support 2 0.8149
Resistance 1 0.8320
Resistance 2 0.8397
1) RSI (14)
value: 67.72
2) MACD (26,12,9)
value: 0.0007
3) ADX (14)
value: 28.63
4)CCI(14)
value: 89.90
overall trend - slightly bullish.
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