NZD/USD Bearish on charts

The primary trend of NZD/USD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating below its falling trend line. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 0.7480 at upside then we can expect it to test the level of 0.7535/0.7565.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

STRATEGY:- NZD/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0637	1.0677	1.0721	1.0761	1.0805	1.0845	1.0889
GBP/USD	1.4613	1.4675	1.4749	1.4811	1.4885	1.4947	1.5021
USD/JPY	118.40	118.90	119.34	119.84	120.28	120.78	121.22
USD/CHF	0.9517	0.9578	0.9623	0.9684	0.9729	0.9790	0.9835
AUD/USD	0.7479	0.7529	0.7565	0.7615	0.7651	0.7701	0.7737
EUR/GBP	0.7154	0.7191	0.7226	0.7263	0.7298	0.7335	0.7370
USD/CAD	1.2420	1.2496	1.2559	1.2635	1.2698	1.2774	1.2837
NZD/USD	0.7292	0.7341	0.7396	0.7445	0.7500	0.7549	0.7604

Strategy for NZD/USD

 The primary trend of NZD/USD is bearish, prices are successfully sustaining at the lower levels & looking weak for the upcoming sessions. The pair is forming a rising channel and consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 0.7500. Today if the pair breaks 0.7495 & managed to sustain below it, then we can expect it to continue its ongoing trend & test the level of 0.7450 in today's session.

RSI is also sustaining in selling territory supporting downside 

movement in the pair.

  

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STRATEGY :- NZD/USD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

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FOREX Updates : Technical Levels For NZD/USD Today

The major trend of NZD/USD is bearish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 0.7435 at upside we can expect it to test the level of 0.7460 /0.7490. Prices are taking support of 30 SMA & can come up to test 200 SMA.

RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY :- NZD/USD is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1154	1.1228	1.1352	1.1426	1.1550	1.1624	1.1748
GBP/USD	1.5025	1.5093	1.5211	1.5279	1.5397	1.5465	1.5583
USD/JPY	116.53	116.76	117.15	117.38	117.77	118.00	118.39
USD/CHF	0.9068	0.9137	0.9175	0.9244	0.9282	0.9351	0.9389
AUD/USD	0.7648	0.7690	0.7744	0.7786	0.7840	0.7882	0.7936
EUR/GBP	0.7383	0.7414	0.7451	0.7482	0.7519	0.7550	0.7587
USD/CAD	1.2158	1.2274	1.2355	1.2471	1.2552	1.2668	1.2749
NZD/USD	0.7256	0.7298	0.7346	0.7388	0.7436	0.7478	0.7526

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