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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6747 to 0.6700). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.6747)
  • Ending of entry zone (0.6700)

DateJanuary 16, 2022 - 00:49
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.67000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.69000 breaks.
  • If the support at 0.67000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.6739 on 01/11/2022, so more gains maximum to Major Resistance (0.6900) 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 49.

Take Profits:

  1. 0.7009
  2. 0.7070
  3. 0.7215
  4. 0.7240
  5. 0.7315
  6. 0.7465
Click on the level to view price action history.