empty
06.04.2023 09:41 AM
NZDUSD, H4 | Ascending trendline is supporting a bullish momentum?

The NZD/USD chart currently displays bearish momentum with potential for further downside movement. Despite price being above a major ascending trend line that suggests bullish momentum, other factors suggest otherwise.

A potential bearish continuation towards the 1st support level at 0.6281 is likely. This level is an overlap support that may provide some support to price. Should the 1st support level be breached, attention should be given to the 2nd support at 0.6206, which has previously acted as a multi-swing low support and may offer stronger support to price.

On the resistance side, the 1st resistance level at 0.6366 is a pullback resistance that coincides with a 61.80% Fibonacci retracement level. If price manages to surpass the 1st resistance, the next level to watch is the 2nd resistance at 0.6417, which is also a pullback resistance level.

This image is no longer relevant

Chọn khung thời gian
5
phút
15
phút
30
phút
1
giờ
4
ngày
1
ngày
1
tuần
Kiếm lợi nhuận từ những biến đổi giá của tiền điện tử với InstaForex.
Tải MetaTrader 4 và mở giao dịch đầu tiên của bạn.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI

Các bài báo được đề xuất

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.