ByLCMS Traders FX Analysis Team
MAY 12, 2021
NZD/USD bulls retreated from the 0.7300 resistance area on Monday and the pair is now trading further lower to 0.7230. The intraday support levels are at 0.7200 and 0.7174. The near-term resistance areas are at 0.7266 and 0.7285.
On the intraday chart, a couple of Doji formations are present near the recent peak. The SMA-14 is indicating support area at 0.7224 and the SMA-50 is indicating support way below at 0.7137. The pair is trading above the mid-Bollinger band while the RSI is at 54 and has a downwards curve. The MACD is below zero line and indicating a deviation. Consider the intraday and 4-hourly price patterns and the MACD deviation, the pair is currently ideal to sell near 0.7245 with a target of 50 to 60 pips and a stop-loss at 0.7270.
An intraday closing below 0.7200 would be supportive of the bears and they would be able to extend the downside. On the upside, bulls require a sustained price action above 0.7270 to get back into the game.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.