nzdusd buy

8월 12일

Here’s a bullish technical analysis for NZD/USD on the H4 timeframe:
Technical Indicators

Trendline Support: NZD/USD is currently respecting a rising trendline, indicating strong support and potential for further upward movement1.
Fibonacci Retracement: The pair has retraced to the 38.2% Fibonacci level, which often acts as a strong support zone in an uptrend1.
Bullish Divergence: The RSI is showing bullish divergence, suggesting that the bearish momentum is weakening and a reversal to the upside could be imminent2.

Key Levels

Resistance: 0.6100
Pivot: 0.6050
Support: 0.60001

Moving Averages

The 50-period EMA is currently below the 200-period EMA, but the gap is narrowing, indicating a potential bullish crossover2.

RSI

The RSI is approaching the 50 level from below, which could signal a shift in momentum if it crosses above2.

Conclusion

Based on the current technical setup, NZD/USD shows potential for a bullish move, especially if it can break above the key resistance levels and maintain momentum. Traders should watch for a confirmed breakout and consider entering long positions with appropriate risk management.