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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.

DateDecember 5, 2020 - 21:46
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • 0.67750 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.6585 on 11/02/2020, so more gains to resistance(s) 0.7055, 0.7175, 0.7305 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 72.

Supports and Resistances:

  1. 0.6615
  2. 0.6500
  3. 0.6375
  4. 0.6240
  5. 0.6080
  6. 0.5930
  7. 0.5470
Click on the level to view price action history.