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Kiwidollarlong

NZD/USD technical analysis: 200-day moving average next?There have been some interesting technical developments in the NZD/USD daily chart recently. The price action this week effectively broke above the 50-day moving average’s dynamic resistance at 0.627, with the Kiwi dollar extending to 0.645. The NZD/USD pair hasn’t traded above 50-dma since early April. The Reserve Bank of New Zealand will meet next Wednesday, with the market pricing in a fourth consecutive 50-basis-point hike, with the official cash rate expected to rise to 3%. As a result, New Zealand has the highest interest rates among major countries, giving the Kiwi dollar a relative advantage vis-à-vis peers. The MACD, which has decisively broken above the zero line, and the 14-day Relative Strength Index, which is approaching overbought conditions, provide additional evidence of positive momentum. The last time the RSI was this high was on March 23. The next area of resistance is at the level of 0.658 (June high). A break through this barrier would pave the way for an assault on the 200-day moving average at 0.663, where we could see some profit-taking behaviour emerge, given the 10% rally from July's lows.
by Capitalcom
*** #NZDCAD ** BULLISH OPPORTUNITY ? Hello Traders, It's been quite the year thus far for 2021 with hope of us coming out of the pandemic eventually and seeing more normal moves in the market. Last week was quite a bit of market chop with the news and politics and market rate decisions. We've identified NZD gaining strength in other pairs and now that has moved over to NZDCAD. OANDA:NZDCAD Good Risk to Reward with this setup with Stops around .86400 price mark. As always, trade only what you are willing to lose! The Trading Regime
Long
by EvaultFinancialGroup
long at 0.6955 target 0.7055The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015 SO technically i see a rebound on this technical cluster/area i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed. i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter Long at 0.6950 target at 0.7055 gain 105 pips open two different position
Long
by corsicasia
6
Kiwi ready for a reversalBy breaking above 0.697, going Long the Kiwi might be a good idea. Over the last 2 weeks the NZDUSD pair has been oversold and there is a clear RSI divergence, while leaving the oversold territory. This time the Moving Average will probably be broken in a bullish manner, unlike the previous 2 times where it acted as resistance. Having a double bottom around 0.69 and a break from the clear resistance line of 0.695, are key technical factors that make the pair look bullish too.
Long
by BitcoinMacro
2