NZDUSD Technical Analysis – 25th FEB, 2025
NZDUSD – Near Resistance of Channel
NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5748 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near resistance of channel in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 15-minutes timeframe.
We can see some Fake breakout which will need to be examined to see if the trends are still intact in the markets.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices are ranging Support of channel is broken in the 1-hourly timeframe.
We have seen the formation of Doji in the daily timeframe. Also, we have detected Bearish harami present in the weekly timeframe.
The prices of NZDUSD are ranging Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5748 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5720 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.5718 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5726 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.5721 and is now moving towards its next target of 0.5703 which is a Pivot Point 2nd Support Point.
#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
NZDUSD – Near Resistance of Channel
NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5748 the prices started to decline against the United States Dollar today in the US Trading session.
The prices are Near resistance of channel in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 15-minutes timeframe.
We can see some Fake breakout which will need to be examined to see if the trends are still intact in the markets.
Some of the technical indicators are giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices are ranging Support of channel is broken in the 1-hourly timeframe.
We have seen the formation of Doji in the daily timeframe. Also, we have detected Bearish harami present in the weekly timeframe.
The prices of NZDUSD are ranging Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.5748 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5720 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.5718 which is a Pivot Point 1st Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5726 and is moving into a Bearish channel.
The price of NZDUSD remains near its Classic support levels of 0.5721 and is now moving towards its next target of 0.5703 which is a Pivot Point 2nd Support Point.
#fxopen
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
