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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.

DateMarch 14, 2020 - 22:46
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.62050 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 47 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.6447 on 03/09/2020, so more losses to support(s) 0.5970, 0.5660, 0.5485 and more depths 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 23.

Supports and Resistances:

  1. 0.6755
  2. 0.6635
  3. 0.6580
  4. 0.6485
  5. 0.6425
  6. 0.5660
  7. 0.5485
  8. 0.4900
Click on the level to view price action history.