NZD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having established a tough support near 0.8650, NZD/USD was able to form a bullish channel, meaning the kiwi is expected to keep gaining value against the U.S. Dollar. However, in order for the bullish outlook to remain valid over the coming days, the currency pair should stay afloat above the rising trend-line at 0.8695. Right now this level is reinforced by the 200-hour SMA, weekly PP and Jun 20 low, decreasing the chance of it being breached in the nearest future. In case the demand area fails to underpin the New Zealand Dollar and allows the sell-off to extend, there will be no significant supports until 0.8652—the current location of the weekly S1 and Jun 17 low.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.