NZDUSD TECHNICAL ANALYSIS

Here is a NZDUSD Technical Analysis on the H4 time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

NZDUSD on the H4 Time Frame

Price is currently trading below the 30, 50 and 100 sma. Price is at the lower extreme end of the channel and may reverse higher.

Additional points on NZDUSD

Resistance level lies at the 0.6420 zone

Support level lies at the 0.6370 zone

Price bounced off lows at around the 0.6370 level and is now trading in the 0.6388 zone.

Conclusion

We are taking a swing trade back up on the NZDUSD in the short term and have activated a BUY trade at 0.63899

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Have a great trading day ahead!

Ardy Ismail

Currency Strategist

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