0.6264 is our pivot point.
Our preference: the downside prevails as long as 0.6264 is resistance.
Alternative scenario: the upside breakout of 0.6264, would call for 0.6292 and 0.6310.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6254 and 0.6264). Finally, the NZD/USD has penetrated its lower Bollinger band (0.6235).
Supports and resistances:
0.6310 **
0.6292 *
0.6264 **
0.6253
0.6233 last
0.6199
0.6182 **
0.6165 *
0.6148 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-03-2023 at 01:15 UTC+1
Price reference: 0.6233 last known on 04-03-2023 at 01:15 UTC+1
Investment horizon: INTRADAY