NZD USD Technical Analysis | NZD USD Trading: 2024-11-19 | IFCM
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NZD USD Technical Analysis - NZD USD Trading: 2024-11-19

NZD/USD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 0.59005

Buy Stop

Below 0.58401

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2605
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Neutral
Parabolic SAR Buy

NZD/USD Chart Analysis

NZD/USD Chart Analysis

NZD/USD Technical Analysis

The technical analysis of the NZDUSD price chart on 4-hour timeframe shows NZDUSD,H4 is retracing up toward the 200-period moving average MA(200) after hitting thirteen-month low yesterday. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.59005. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.58401. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - NZD/USD

New Zealand producer prices rose more than expected in the third quarter. Will the NZDUSD price rebounding persist?

New Zealand producer prices inflation accelerated in the third quarter: Statistics New Zealand reported the PPI Output index - prices received by producers of goods and services increased 1.5%, the most in two years compared with the June quarter after 1.1% increase in the second quarter when an 0.9% increase was expected. At the same time the PPI Input index - prices paid by producers of goods and services (inputs) increased 1.9% over the same period after 1.4% increase in the second quarter when a 1.0% rise was expected. The two largest output industry contributions were from dairy cattle farming, up 13.9%ent, and utility - electricity and gas supply, up 6.3%. Rising producer prices are bullish for New Zealand dollar and bullish for NZDUSD pair as producers are expected to pass higher costs to the consumer.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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