Technical Analysis for NZD

Technical Analysis for NZD

The NZD/USD pair now attempts to rise and extend gains, backed by its earlier steady position above Linear Regression Indicator 55. The steady position above 0.8275 is positive and an impetus pushing for further bullishness. As for today's session, we consider trading above 0.8310 reasons to maintain our positive forecasts.

The trading range expected today is between the key support at 0.8275 and the key resistance 0.8450.

The short-term trend is upside targeting 0.8845 if 0.8130 remains intact.

Support: 0.8355, 0.8310, 0.8275, 0.8225, 0.8200
Resistance: 0.8385, 0.8400, 0.8415, 0.8450, 0.8480

Recommendation Based on the above graph and explanation, we recommend buying the pair above 0.8355 targeting 0.8385, 0.8415 and 0.8450 and stop-loss at four-hour closing below 0.8310.