Technical analysis

23 February 2021

21:07 The NZD/USD pair is trading near the highs of April 2018


Today, the NZD/USD pair is trading in the range of $0.7305-35, after rising yesterday to the April 2018 highs of $0.7340. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($0.7240) and on the four - hour chart-above MA (200) H4 ($0.7200). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.


Resistance levels are:  $0.7340, $0.7370, $0.7395

Support levels are: $0.7280, $0.7240, $0.7200


The main scenario for the pair's promotion - breakout of yesterday's high of $0.7340 and may be a rise to $0.7370 (April 16-17’ 2018 high)

An alternative scenario - breakout of yesterday's low of $0.7280 and maybe a decline to MA (200) H1 ($0.7240)

24 February 2021, 12:56

EUR/USD remains above MA 200 H1

23 February 2021, 20:49

USD / JPY remains below MA (200) H1