empty
 
 
21.11.2023 09:59 AM
NZD/USD H4 | Running into resistance?

This image is no longer relevant

The NZD/USD chart currently exhibits a bullish momentum, potentially leading to further upward movement towards the 1st resistance. However, the RSI indicator is highlighting a bearish divergence versus the current price action, suggesting a potential reversal point in the near term.

The 1st resistance level (0.6095) is noted as a pullback resistance while the 2nd resistance level (0.6130) is also marked as a pullback resistance that aligns with the 161.80% Fibonacci extension, heightening its importance as a key resistance zone.

To the downside, the 1st support level (0.6045) is identified as a pullback support where buying interest may emerge, offering support to the currency pair. Additionally, the 2nd support (0.6010), is categorized as an overlap support, indicating a level where buyers may become more active.

In summary, NZD/USD has a bullish outlook with the potential for price to rise towards the 1st resistance. However, the RSI indicator is highlighting a bearish divergence versus the current price action, suggesting a potential reversal point in the near term.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback