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Weekly forecast New Zealand Dollar / US Dollar technical chart
Symbol NZDUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 31, 2019 - 19:56
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.62450, beginning of uptrend is expected.
  • We make sure when the resistance at 0.67750 breaks.
  • If the support at 0.62450 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 36 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.6790 on 07/19/2019, so more losses minimum to Major Support (0.6245) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 25.

Supports and Resistances:

  1. 0.7560
  2. 0.7435
  3. 0.7175
  4. 0.6940
  5. 0.6775
  6. 0.6685
  7. 0.6635
  8. 0.6580
  9. 0.6425
  10. 0.6245
  11. 0.5930
  12. 0.5485
  13. 0.4900
Click on the level to view price action history.