The NZD/USD pair saw a 0.25% loss on Friday’s sessing and continues exhibiting a significant bearish tendency. Both short-term and long-term outlooks suggest the prevalence of sellers, which may signal that the pair is bound for further downside.
On the daily chart, the Relative Strength Index (RSI) indicates a bearish trend. It lies deep in negative terrain and edged near oversold territory. The escalating red bars on the Moving Average Convergence Divergence (MACD) histogram align with this bearish stance, augmenting this downturn prediction.
On the hourly chart, the RSI also points south standing below 50 while the MACD exhibits dwindling green bars, indicative of reduced buying momentum.
From a wider viewpoint, NZD/USD presently exhibits a clear bearish trend, given its position below the Simple Moving Average (SMA) for 20, 100, and 200-day periods. However, as indicators approach oversold conditions, the pair may stage a corrective rebound which could give the buyers a chance to reclaim the 20-day SMA. In the meantime, movements below these levels would leave the trend bearish.
Overview | |
---|---|
Today last price | 0.5885 |
Today Daily Change | -0.0017 |
Today Daily Change % | -0.29 |
Today daily open | 0.5902 |
Trends | |
---|---|
Daily SMA20 | 0.5978 |
Daily SMA50 | 0.6067 |
Daily SMA100 | 0.6127 |
Daily SMA200 | 0.6057 |
Levels | |
---|---|
Previous Daily High | 0.5943 |
Previous Daily Low | 0.5872 |
Previous Weekly High | 0.6079 |
Previous Weekly Low | 0.5933 |
Previous Monthly High | 0.6218 |
Previous Monthly Low | 0.5956 |
Daily Fibonacci 38.2% | 0.5899 |
Daily Fibonacci 61.8% | 0.5916 |
Daily Pivot Point S1 | 0.5869 |
Daily Pivot Point S2 | 0.5835 |
Daily Pivot Point S3 | 0.5798 |
Daily Pivot Point R1 | 0.594 |
Daily Pivot Point R2 | 0.5977 |
Daily Pivot Point R3 | 0.6011 |
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