empty
 
 
26.09.2023 08:35 PM
NZD/USD: 0.5944 key obstacle

This image is no longer relevant

NZD/USD Under Selling Pressure!

The NZD/USD pair is moving sideways in the short term. It's located at 0.5948 at the time of writing and it seems very heavy. The rate failed to jump above the former high of 0.5984 and now it has dropped below the uptrend line signaling exhausted buyers.

The 0.5944 former low represents a key downside obstacle. As long as it stays above it, the rate could jump higher. Still, its failure to reach and retest the broken uptrend line and 0.5984 announced strong sellers.

NZD/USD Trading Conclusion!

Staying near the 0.5944 former low indicates an imminent breakdown. Dropping and closing below 0.5944 activates more declines.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback