1-hour timeframe analysis of the NZD-USD pair showed that on Monday, the correction movement rose to the dynamic resistance of the MA period 200 positioned at a price of 0.6100. At this resistance level, there was a rejection, and the price turned down. The downward movement reached 0.6060, Monday's low. Today, sellers have an opportunity to dominate the market again, bringing prices down to continue the downtrend. Trading plan follows the bearish trend by opening a sell position.
Using the stochastic indicator as an analysis filter, it shows that the indicator has started to turn downward. There is still enough room for a downward movement toward level 20, which is the limit of the oversold area. However, it would be more ideal to wait for an upward correction. The upward correction phase could reach the dynamic resistance of the MA period 24 at a price of 0.6077. At that level, there is potential for a price pullback to fall. Sellers could regain momentum to bring prices down again to test Monday's low at 0.6060. If there is a break low, it confirms a continuous bearish trend. The target for the downward movement is support at 0.6000.
Trading plan: Sell at resistance 0.6077.
Referring to the intraday analysis using the moving average indicator, the NZD-USD pair is still in a bearish trend. Trading plans following the downtrend can consider the sell option. For the ideal sell entry point, wait for the price to correct up approaching the dynamic resistance of the MA period 24 at a price of 0.6077. At that level, there is potential for a price pullback to go down. The first downward movement target is at Monday's low at 0.6060. If there is a break low, you can re-enter the sell target, with the next target towards support at 0.6000.
Loss limit at resistance 0.6115.
For loss limits, set a stop loss or cut losses if the price rises and breaks through the dynamic resistance of the MA period 200 at a price of 0.6115. The penetration of this resistance confirms that buyers are gaining momentum to bring prices up and indicates a reversal from bearish to bullish. The resistance penetration also raises a buy entry signal. So you can open a buy position with a target increase at 0.6147.
**Roman Urdu Translation**
NZD-USD Pair Movement
1-hour timeframe analysis se pata chala ke Monday ko NZD-USD pair ne correction movement karte hue dynamic resistance of the MA period 200 pe 0.6100 price pe pohanch gaya. Iss resistance level pe rejection hua aur price ne neeche ka rukh kia. Neeche ka movement 0.6060 tak pohanch gaya, jo ke Monday ka low tha. Aaj sellers ke paas market ko dobara dominate karne ka mauka hai aur prices ko neeche laake downtrend ko continue karne ka. Trading plan bearish trend ko follow karte hue sell position open karne ka hai.
Stochastic indicator ko analysis filter ke tor pe use karte hue pata chalta hai ke yeh indicator neeche ka rukh karne laga hai. Neeche ki taraf movement hone ka kaafi room hai level 20 tak jo oversold area ka limit hai. Magar, ideal yeh hoga ke upward correction ka intezar kiya jaye. Upward correction phase dynamic resistance of the MA period 24 pe 0.6077 price tak pohanch sakta hai. Iss level pe price pullback hone ka potential hai taake neeche gire. Sellers dobara momentum gain kar sakte hain taake prices ko neeche laake Monday ka low 0.6060 test karen. Agar break low hota hai, to continuous bearish trend confirm ho jata hai. Neeche ki taraf movement ka target support pe 0.6000 hoga.
Trading plan: Resistance 0.6077 pe sell karna.
Intraday analysis ke mutabiq moving average indicator ko use karte hue, NZD-USD pair ab bhi bearish trend mein hai. Downtrend ko follow karte hue trading plans sell option consider kar sakte hain. Ideal sell entry point ke liye, price ko correct hotay hue dynamic resistance of the MA period 24 ke kareeb 0.6077 pe pohanchne ka intezar karen. Iss level pe price pullback hone ka potential hai taake neeche gire. Pehla downward movement ka target Monday ka low 0.6060 pe hoga. Agar break low hota hai, to aap dobara sell target re-enter kar sakte hain, agla target support 0.6000 ki taraf hoga.
Loss limit resistance 0.6115 pe.
Loss limits ke liye, stop loss ya cut losses set karen agar price rise hoti hai aur dynamic resistance of the MA period 200 ko 0.6115 price pe break karti hai. Yeh resistance penetration confirm karta hai ke buyers momentum gain kar rahe hain prices ko upar le jane ke liye aur yeh trend direction reversal indicate karta hai bearish se bullish. Resistance penetration se buy entry signal bhi milta hai. To aap buy position open kar sakte hain with a target increase at 0.6147.
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