NZD/USD Technical Analysis | NZD/USD Trading: 2020-06-26 | IFCM India
IFC Markets Online CFD Broker

NZD/USD Technical Analysis - NZD/USD Trading: 2020-06-26

NZD/USD Technical Analysis Summary

Accelerometer arrow
Strong SellSellNeutralBuyStrong Buy

Above 0.6449

Buy Stop

Below 0.6418

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2451
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

NZD/USD Chart Analysis

NZD/USD Chart Analysis

NZD/USD Technical Analysis

On 1-hour timeframe NZDUSD: H1 is testing the 200-period moving average MA(200) which has leveled off. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 0.6449. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.6418. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - NZD/USD

New Zealand’s trade surplus declined in May. Will the NZDUSD advance halt?

New Zealand’s trade surplus declined in May: the trade surplus declined to NZ$1.25 billion from 1.34 billion in April, when a decline to 1.28 billion was expected. This is bearish for NZDUSD but the pair is biased upward.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger