NZD/USD technical analysis: Breaks above 50-hour MA hurdle


  • NZD/USD is currently trading above the 50-hour MA hurdle of 0.6582. 
  • With the hourly chart biased bullish, the pair looks set to rise above 0.66 in the next few hours. 

NZD/USD moved above the 50-hour moving average (MA) resistance of 0.6582 soon before press time, having built a base around 0.6566 over the last 24 hours.

The pair will likely find acceptance above the 50-hour MA and rise toward the 200-hour MA, currently located at 0.6604, in the next few hours, as the hourly chart relative strength index (RSI) is now reporting bullish conditions with an above-50 print. The indicator created a bullish divergence - higher low as opposed to a lower low on the price - on Wednesday.

The case for a rise to the 200-hour MA would weaken if the pair finds acceptance below 0.6566. That would invalidate the bullish divergence on the hourly chart RSI.

Hourly chart

Trend: Bullish

Technical levels

NZD/USD

Overview
Today last price 0.6586
Today Daily Change 0.0007
Today Daily Change % 0.11
Today daily open 0.6574
 
Trends
Daily SMA20 0.656
Daily SMA50 0.6623
Daily SMA100 0.6727
Daily SMA200 0.671
Levels
Previous Daily High 0.6594
Previous Daily Low 0.6566
Previous Weekly High 0.6682
Previous Weekly Low 0.6528
Previous Monthly High 0.6684
Previous Monthly Low 0.6481
Daily Fibonacci 38.2% 0.6577
Daily Fibonacci 61.8% 0.6583
Daily Pivot Point S1 0.6562
Daily Pivot Point S2 0.655
Daily Pivot Point S3 0.6534
Daily Pivot Point R1 0.659
Daily Pivot Point R2 0.6606
Daily Pivot Point R3 0.6618

 

 

 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD's range play continues ahead of Eurozone Consumer Confidence

EUR/USD remains directionless despite the drop in the US treasury yields. An above-forecast Eurozone Consumer Confidence will likely push the pair higher to the trendline falling from June highs. 

EUR/USD News

GBP/USD sits at 2-month tops ahead of key Brexit talks

Fresh optimism surrounding the Brexit deal propels GBP/USD to a two-month high. Brexit talks between the EU's chief negotiator Michel Barnier and UK Brexit Secretary Stephen Barclay will be the key.

GBP/USD News

USD/JPY: Bears eyeing break below 107.45

USD/JPY trades modestly flat, with the bias leaning to the downside, as we wind down into the close for the week following a data-heavy number of sessions which have left more questions unanswered and the outlook murky. 

USD/JPY News

Gold holds on to recovery gains amid trade/political pessimism

In addition to bouncing off multi-month-old rising trend-line, Gold gains support form recently downbeat trade/political headlines while taking the bids to $1,500 during Friday’s Asian session.

Gold News

Markets unmoved by Fed cut and pause

The Federal Reserve’s latest twist in monetary policy, reducing the fed funds for a second time in two months and then pausing for instructions has left markets without a clear direction on interest rates. Equites ended mixed.

Read more

Forex MAJORS

Cryptocurrencies

Signatures