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NZD/USD: technical analysis

26 October 2015


On the daily chart, the pair bounced off the middle MA of Bollinger Bands and growing towards the upper MA of the indicator. The EMA65 turned up, while the EMA130 is still directed sideways. A longer-term descending trend was broken, however, as the RSI tested its overbought resistance at 73 earlier in the month. Both the RSI and Composite unsuccessfully tested their supports last Friday, while the price bounced off the trend line.


On the 4-hour chart, the pair is trading on the middle MA of Bollinger Bands, above the EMA65 and EMA130. Both moving averages are directed upward indicating that the short-term trend is ascending. The RSI and Composite are about to test their longer MA’s and if successful, the growth is likely to continue in the pair.

Key levels

Support levels: 0.6731 (EMA65 on the 4-hour chart), 0.6645 (61.8% Fibonacci retracement, EMA130 on the 4-hour chart), 0.6577 (50% retracement).

Resistance levels: 0.6845 (local highs), 0.6863 (active trade), 0.7000 (psychologically important level).

Trading tips

Open long positions after the price rebound from the level of 0.6750 with the target at 0.6835 and stop-loss at 0.6731. Validity – 1-2 days.

Short positions can be opened from the level of 0.6725 with the target at 0.6655 and stop-loss at 0.6760. Validity – 1-2 days.



Scope for dips towards the 0.6793-0.6776 confluence zone
Scope for dips towards the 0.6793-0.6776 confluence zone

A dovish Reserve Bank of New Zealand (RBNZ) policy outcome this week, accompanied by a bloated NZD long positioning sees the kiwi breaking under a protracted...

25 Nov 2021

NZD/USD struggles for direction, flat-lined above mid-0.7100s
NZD/USD struggles for direction, flat-lined above mid-0.7100s

The NZD/USD pair seesawed between tepid gains/minor losses through the early part of the European session and was last seen trading in the neutral territory...

9 Nov 2021

Move beyond 50% Fibo. sets the stage for further gains
Move beyond 50% Fibo. sets the stage for further gains

NZD/USD gained strong traction for the fifth consecutive session on Tuesday. Sustained break through the 0.7100 confluence hurdle favours bullish traders...

19 Oct 2021

NZD: Buy the Rumor sell the fact?
NZD: Buy the Rumor sell the fact?

The RBNZ confirmed a 25-basis-point rate raise, which had been widely anticipated and already factored into the markets. The NZD, however, did not benefit from the boost...

14 Oct 2021

NZD/USD pares intraday gains, up little around 0.6915-20 area
NZD/USD pares intraday gains, up little around 0.6915-20 area

The risk-on impulse provided a modest boost to the perceived riskier kiwi on Thursday. Hawkish Fed expectations acted as a tailwind for the USD and capped gains for the pair...

7 Oct 2021

The Kiwi is falling
The Kiwi is falling

NZDUSD is being sold after the RBNZ meeting. The New Zealand Dollar is falling against the USD. The current quote for the instrument is 0.6880. During its October meeting...

6 Oct 2021

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