Exchange rate still lies below the moving averages with periods of 34, 55, 144 and 89, which are the next resistance level 0.7580, 0.7635 and 0.7670/75.MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy NZD / USD.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line rises above the% D.
Therefore, as a confirmation of what the forex market in a given currency pair could worsen rising correctional movement we have to just wait for the breakdown of the resistance level of 0.7565, which will open the path to levels of 0.7600/10 and 0.7640/50.
Resistance levels: 0.7565, 0.7600/10, 0.7640/50
Current Price: 0.7550
Support levels: 0.7500, 0.7470, 0.7450, 0.7410/00
Translate this page
