Technical analysis

08 April 2021

20:24 The NZD/USD pair again rose above the MA (200) H1

Today, the NZD/USD pair rose from $0.7000 to $0.7050, regaining most of the positions lost yesterday. The pair has risen above the MA (200) H1 ($0.7015) moving average line, but is trading well below MA (200) H4 ($1.7145) on the four-hour chart. Technically speaking, the $0.7070 resistance may keep the pair from rising further. If it breaks through, prices may rise to $0.7100. The lower bound of $0.6995-0.7010 represents the main support level. The most likely range of price movement for today may be hidden within the range of $0.6995-0.7070.


Resistance levels are: $0.7070, $0.7100, $0.7185

Support levels are: $0.6995-0.7010, $0.6940, $0.6895


The main scenario for the pair's promotion - correction and may be a decline to $0.6995-0.7010 (April 6-7 lows, MA (200) H1)

An alternative scenario - growth to $0.7070 (April 5-7 high) and then, maybe, to $0.7100 (March 5-9 low)


April 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
19
20
21
22
23
24
25
26
27
28
29
30
REGISTER FOR TRAINING