NZD/USD respects round levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On December 15, the NZD/USD currency exchange rate ended a 515 base point or 7.15% decline from 0.7220. The decline ended at the 0.6700 mark, which provided support on three trading sessions. Meanwhile, resistance has been found in a zone that surrounds the 0.6850 mark.

Most recently, the rate bounced off the 0.6850 zone and began a decline, which on January 7 appeared to be heading to the 0.6700 level.

A move below the 0.6700 mark, the currency pair might look for support in the 0.6650 and 0.6600 levels, before reaching the lower trend line of the massive scale channel down pattern. The pattern has been guiding the rate since November 2020.

On the other hand, a surge of the NZD against the USD might find resistance in the zone near 0.6850. In addition, note the approaching 50-day simple moving average near 0.6892. By the time that a recovery would reach the 0.6850 level, the SMA could catch up. Above the 0.6850 mark, resistance is likely to be found in round exchange rate levels.
Back to articles

Actual Topics

Fri, 07 Jan 2022 12:05:31 GMT

USD/RUB surges above 77.00

The USD/RUB ended its sideways trading in the 73.20/74.50 range by surging. The surge passed the zone of the resistance and support zone of 75.30/75.80. During the first week of the year, the pair touched the 77.20 level, which acted as resistance. On January 7, the currency pair had retraced back down to the 75.30/75.80 zone A continuation of the

Thu, 06 Jan 2022 16:48:37 GMT

USD/CHF bounces off support zone

The USD/CHF rate has reached the support zone at 0.9090/0.9105. Once again, the support zone has held and a recovery appeared to have started in 2022. On January 6, the currency pair was being held down by the 50-day simple moving average near 0.9210. A breaking of the resistance of the 50-day simple moving average might result in a surge

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.