Technical Analysis – NZDUSD rebound loses steam, downside risks heighten



NZDUSD improvements from the 0.6215 low are dwindling within the 0.6342-0.6410 region (previous support-now-resistance), which stretches back to mid-June 2020, following a five-week descent from the 0.7033 April high. Furthermore, the diving simple moving averages (SMAs) are sponsoring a revival of the bearish trend in the pair past the near two-year low of 0.6215.

The Ichimoku lines are indicating a pause in negative pressures, while the short-term oscillators are reflecting the latest waning in downward momentum. In their respective bearish zones, the RSI is creeping higher and the MACD has overstepped its red trigger line. Moreover, the positively charged stochastic oscillator is promoting additional upside price action in the pair.

If positive impetus continues to diminish and the price recoils below the 0.6342-0.6410 barrier, initial support could stem from the near two-year low of 0.6215. If selling interest amplifies, the rekindling of the downtrend may then meet the 0.6167 and the 0.6080 respective lows from the latter half of May 2020. Snowballing further, the price may target the 0.5920 May trough, in line with the lows over the mid-April until mid-May 2020 period.

Otherwise, if fresh positive traction unfolds and drives the price north of the 0.6342-0.6410 boundary, buyers may be encouraged to pilot for the 0.6568-0.6629 resistance zone, shaped by the May high and the February inside swing lows. From here, to reinstate confidence in the pair, the price would need to creep beyond the 0.6665-0.6718 resistance barricade, reinforced by the Ichimoku cloud and the falling 50- and 100-day SMAs. Recapturing the area north of the cloud may encourage buyers to challenge the 0.6813 high and the adjacent 200-day SMA of 0.6834.

Summarizing, NZDUSD is exhibiting a bearish bias beneath the 0.6568 high and the SMAs. Additionally, positive prospects in the pair may dwindle further should the price fail to lift above the 0.6342-0.6410 border.

 

 

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明