empty
 
 
27.12.2023 06:13 AM
NZD/USD H4 | Rising into resistance

This image is no longer relevant

The NZD/USD chart is currently indicating potential signs of a bullish momentum, as it approaches a key resistance level.

Resistance Levels:

The 1st resistance at 0.6341 is categorized as a "Pullback Resistance" indicating its potential to hinder upward price movements. Beyond this, the 2nd resistance at 0.6398 is also identified as "Swing-high Resistance" emphasizing its role as a substantial barrier to further advances.

Support Levels:

On the support side, the 1st support at 0.6305 is recognized as an "Overlap Support". This level suggests a zone where buying interest may emerge, potentially providing some support to the price. Additionally, the 2nd support at 0.6242 is characterized by an "Overlap Support", reinforcing its significance as a substantial support zone.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback