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

Trading suggestion:

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

DateMarch 14, 2022 - 03:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.65300, beginning of uptrend is expected.
  • We make sure when the resistance at 0.69150 breaks.
  • If the support at 0.65300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.6925 on 03/07/2022, so more losses to support(s) 0.6774, 0.6703, 0.6595 and minimum to Major Support (0.6530) 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 53.

Supports and Resistances:

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