The current circumstances aren't particularly conducive to precise predictions, but given the current global sentiment, I'm currently focusing solely on the southern direction. My primary target is a robust support level at 0.6092; should the bears take the initiative, we could indeed witness a significant downward momentum. It's crucial to note that my current inclination leans towards a downward movement. However, if the bulls manage to establish a foothold above the nearest resistance level, a change in direction could occur, although we won't delve into that at present.
On the hourly chart, the price is within an ascending channel; yesterday, the pair was growing, with hopes of ascending towards the upper border of the channel. However, this objective wasn't achieved, so I anticipate the pair to continue its upward trajectory, possibly reaching the upper border of the ascending channel, marked at 0.6222. Reaching this level may halt the pair's growth, prompting a reversal in price. Conversely, if the pair begins to decline and move downwards, it could approach the lower border of the ascending channel, situated at 0.6179. Today, we're receiving significant news on the economic calendar regarding the US dollar, though it's unlikely to greatly impact activity on the NZD/USD chart. When observing the four-hour chart, the movement towards the upper savings line at 0.6380-0.6390 appears confident. We intend to maintain this movement, not expecting any significant long shadows at this time, as they could occur during uncertain periods. Hence, we're currently testing the upper limit of savings, anticipating a rebound thereafter. If events don't unfold as expected within the four-hour timeframe, the daily timeframe presents a similar option. I'm not ruling out the possibility of the price attempting to descend towards the lower border, ranging from 0.5850 to 0.5860, starting from the maximum level of 0.6215. Let's see what news emerges today. While awaiting the main news release of the week, the US Bureau of Statistics' employment data, which will differ significantly from the earlier published similar indicator ADP, the NZD/USD pair seems to be exhibiting sideways movement.
On the hourly chart, the price is within an ascending channel; yesterday, the pair was growing, with hopes of ascending towards the upper border of the channel. However, this objective wasn't achieved, so I anticipate the pair to continue its upward trajectory, possibly reaching the upper border of the ascending channel, marked at 0.6222. Reaching this level may halt the pair's growth, prompting a reversal in price. Conversely, if the pair begins to decline and move downwards, it could approach the lower border of the ascending channel, situated at 0.6179. Today, we're receiving significant news on the economic calendar regarding the US dollar, though it's unlikely to greatly impact activity on the NZD/USD chart. When observing the four-hour chart, the movement towards the upper savings line at 0.6380-0.6390 appears confident. We intend to maintain this movement, not expecting any significant long shadows at this time, as they could occur during uncertain periods. Hence, we're currently testing the upper limit of savings, anticipating a rebound thereafter. If events don't unfold as expected within the four-hour timeframe, the daily timeframe presents a similar option. I'm not ruling out the possibility of the price attempting to descend towards the lower border, ranging from 0.5850 to 0.5860, starting from the maximum level of 0.6215. Let's see what news emerges today. While awaiting the main news release of the week, the US Bureau of Statistics' employment data, which will differ significantly from the earlier published similar indicator ADP, the NZD/USD pair seems to be exhibiting sideways movement.
تبصرہ
Расширенный режим Обычный режим