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The pair of NZD/USD in 4H chart. the pair is trading at the strong resistance level 0.7525 and now can rebound from it to the nearest level of support 0.7480 and further. If this resistance is broken, it opens the way to resistance level 0.7556
NZD/USD chart has experienced a strong ascending trend during the recent days that could record the top price of 0.75574.as it is obvious in the picture below , price has been stopped from more ascending with reaching to the Resistance level (S=R) and has formed a top price.
According to the formed movements in the price chart, between the bottom price of 0.71769 and the top price of 0.75574 there is an AB=CD harmonic pattern with the ratios of 50 and 161.8 which the D point of this pattern is completed and warns about descending of the price in this price range.Stoch indicator in 4H time frame is in the saturation buy area and is in divergence mode with the price chart that warns about changing price direction.Right now the first important warning for more ascending of price in this currency pair happens by breaking f the 0.75574 level(D point) in H4 time frame.
The pair of NZD/USD is trading below the resistance level of 0.7525. If this level hold out, then maybe drop a pair to the support level 0.7490 and then in the case of overcoming it. If the resistance is broken, then open the way to 0.7555.
NZDUSD technically the immediate resistance at 0.7508 and 0.7562 levels.
Next immediate support below at 0.7441 and 0.7406 levels.
Trend oversold conditions with slightly bearish at the moment.
NZD/USD is breaking through an important resistance level, currently going bid above the 0.7560/70 level, hitting a new 5-week high.
Technically immediate resistance above at 0.7590 and 0.7630.Downside support below at 0.7500 levels.
Trend overall slightly bullish at the moment.
The pair of NZD/USD in 4H Chart. the pair is trading at the resistance level of 0.7570. If it is broken, then will open the road to resistance level 0.7620. Further climbing may be limited strong resistance. If the hold out resistance can be rolled back to 0.7535 support.
Technically, NZDUSD next immediate resistance above at 0.7600 and 0.7618 level.
Downside immediate support below at 0.7534 and 0.7500 levels.
Trend overall looking slightly bearish at the moment.
Technically, NZDUSD next immediate resistance above at 0.7500 and 0.7545 levels. Downside immediate support below at 0.7425 and 0.7404 levels.
Trend overall looking slightly bullish at the moment.
Technically NZDUSD next immediate resistance above at 0.75180 , 0.75450 levels.
Downside immediate supports below at 0.74920 and 0.74730 levels.
Trend looking slightly bullish at the moment.
NZDUSD next immediate support below at 0.7646 and 0.7600 levels and next immediate resistance above at 0.7700 and 0.7725 levels.
Trend overall looking slightly bearish at the moment.
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