- Analytics
- Technical Analysis
NZD USD Technical Analysis - NZD USD Trading: 2023-10-17
NZD/USD Technical Analysis Summary
Above 0.5928
Buy Stop
Below 0.5885
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
NZD/USD Chart Analysis
NZD/USD Technical Analysis
The technical analysis of the NZDUSD price chart on 4-hour timeframe shows NZDUSD,H4 is retracing down under the 200-period moving average MA(200) after rebounding to test it. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 0.5928. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.5885. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals . Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - NZD/USD
New Zealand’s inflation slowed more than expected in the third quarter. Will the NZDUSD price continue retreating?
New Zealand inflation slowed more than expected: the Statistics New Zealand report indicated the annual inflation rate fell to 5.6%, a two-year low, from 6% in the second quarter. The Reserve Bank of New Zealand had forecast 6%. At the same time consumer prices rose 1.8% from three months earlier, less than the 1.9% median estimate. Slower than expected New Zealand consumer prices is bearish for New Zealand dollar and the NZDUSD currency pair. However the current setup is bullish for the pair.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Stop Out Level - Only 10%
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.