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NZD/USD Technical Analysis - NZD/USD Trading: 2021-09-14

NZD/USD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 0.7096

Sell Stop

Above 0.7142

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 1877
IndicatorValueSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Buy
Parabolic SAR Sell

NZD/USD Chart Analysis

NZD/USD Chart Analysis

NZD/USD Technical Analysis

The technical analysis of the NZDUSD price chart on 4-hour timeframe shows NZDUSD,H4 is falling under the support line above the 200-period moving average MA(200) which is rising still. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.7096. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.7142. After placing the order, the stop loss is to be moved to the next fractal high, 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 retail card spending fell in August. Will the NZDUSD price continue rebounding?

New Zealand electronic retail card spending fell in August as the country went into lockdown in the second half of the month. The Statistics New Zealand reported card spending tumbled 11.4% over year in August after 4.7% growth in July. At the same time food inflation slowed: food prices in New Zealand increased 2.4% year-over-year in August, slowing from 2.8% in each of the previous two months. Falling consumer retail spending and slowing food inflation are bearish for NZDUSD.

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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.