logo |

News

    Home   >     Industry    >     Main body

    NZD/USD Price Analysis: 200-SMA challenges bears amid oversold RSI

    Abstract:NZD/USD remains pressured around monthly low, retreats of late.

      NZD/USD Price Analysis: 200-SMA challenges bears amid oversold RSI

      NZD/USD remains pressured around monthly low, retreats of late.

      Oversold RSI, key SMA support hints at a corrective pullback towards short-term resistance line, bears have a bumpy road ahead.

      NZD/USD sellers attack the key support around 0.7025 while refreshing Septembers low during early Monday.

      Although a three-day-old descending trend line portrays the pairs immediate downtrend, 200-SMA challenges the bears amid oversold RSI conditions.

      Hence, a short-covering move towards the stated resistance line near 0.7060 cant be ruled out. However, any further upside needs to cross the 0.7080 hurdle to convince the NZD/USD buyers.

      Following that, the 0.7100 round figure and the monthly high near 0.7170 will be in focus.

      On the flip side, a clear break of 200-SMA level near 0.7025 will direct NZD/USD sellers toward a horizontal area established since August 25, surrounding 0.6990-85.

      In a case where the pair bears refrain from stepping back and conquer the 0.6985 support, a one-month-old region close to 0.6930 will be in focus.

      Overall, NZD/USD remains on the back foot but the odds of a corrective pullback seem brighter.

    NZD_USD_20092021-637676991471412315.png
    photo_2021-08-11_16-33-17.jpg

    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.