Daily Market Analytics - Forex

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EURUSD Technical Analysis – 17th SEP, 2024
EURUSD – Bearish Trend Reversal Pattern

EURUSD was unable to continue its bullish momentum and after touching a high of 1.1145 the prices started to decline against the United States Dollar today in the European Trading session.
We can see Bearish trend reversal: adaptative moving average 20 in the 30-minutes timeframe.
We can see Ichimoku - Bearish crossover: Tenkan & Kijun in the 30-minutes timeframe.

The Bearish trend reversal: adaptative moving average 20 is visible in the 1-hourly timeframe.
We can see the formation of Parabolic SAR indicator bearish reversal in the 2-hourly timeframe.
The prices of EURUSD are ranging Near resistance of channel in the daily timeframe.

We have also seen EURUSD prices hovering Near resistance of triangle in the weekly timeframe.
Some of the technical indicators are giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1145 mark.
• Short-term range appears to be Mild Bearish.
• EURUSD continues to remain above the 1.1110 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.1112 at which the Price Crosses 18 Day Moving Average Stalls.
EURUSD is now trading near to its Pivot levels of 1.1129 and is moving into a Mild Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1104 and is moving towards its next target of 1.1094 which is a 14-3 Day Raw Stochastic at 50%.

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 FXOpen Blog

 

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GBPUSD Technical Analysis – 17th SEP, 2024
GBPUSD – Bearish Engulfing Lines

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.3229 the prices started to decline against the United States Dollar today in the European Trading session.
We can see the formation of Bearish engulfing lines in the 15-minutes timeframe.
We have also seen Bearish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
The Parabolic SAR indicator bearish reversal is visible in the 2-hourly timeframe.

We have seen RSI indicator: bearish divergence in the 4-hourly timeframe.
The prices of GBPUSD are ranging Near resistance of channel in the weekly timeframe.
We can also see GBPUSD prices hovering Near resistance of triangle in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bearish reversal seen below the 1.3229 mark.
• Short-term range appears to be Mild Bearish.
• GBPUSD continues to remain above the 1.3180 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading below its Pivot levels of 1.3212 and is moving into a Mild Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.3172 and is now moving towards its next target of 1.3184 which is a 14-3 Day Raw Stochastic at 70%.
We are also looking for the breach of the levels of 1.3153 which is a Pivot Point 1st Support Point.

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 FXOpen Blog

 

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NZDUSD Technical Analysis – 17th SEP, 2024
NZDUSD – Bearish Price Crossover Pattern

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.6210 the prices started to decline against the United States Dollar today in the European Trading session.
We can see Bearish price crossover with Moving Average 100 in the 30-minutes timeframe.
We have also seen Bearish price crossover with adaptative moving average 100 in the 30-minutes timeframe.
The prices of NZDUSD are ranging Near horizontal resistance in the 1-hourly timeframe.

The SuperTrend indicator bearish reversal is visible in the 1-hourly timeframe.
The price of NZDUSD is back under the pivot point in the 1-hourly timeframe.
The MACD crosses DOWN its Moving Average in the 2-hourly timeframe.
The Parabolic SAR indicator bearish reversal is seen in the 2-hourly timeframe.

We have also detected CCI indicator: bearish divergence in the 4-hourly timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bearish reversal seen below the 0.6210 mark.
• Short-term range appears to be Mild Bearish.
• NZDUSD continues to remain above the 0.6170 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6170 at which the Price Crosses 9 Day Moving Average.
NZDUSD is now trading below its Pivot levels of 0.6191 and is moving into a Mild Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.6156 and is now moving towards its next target of 0.6164 which is a 14-3 Day Raw Stochastic at 30%.

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 FXOpen Blog

 

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AUDUSD Technical Analysis – 18th SEP, 2024
AUDUSD – Resistance of Channel is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6743 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
The MACD crosses UP its Moving Average in the daily timeframe.

We can detect Ichimoku - Bullish crossover: Tenkan & Kijun in the daily timeframe.
The Momentum indicator is back over zero in the daily timeframe.
We can see the Bullish price crossover with adaptative moving average 50 in the weekly timeframe.

We can see Bullish price crossover with adaptative moving average 100 in the weekly timeframe.
The prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6743 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6780 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6792 which is a 3-10 Day Moving Average Crossover Stalls.
AUDUSD is now trading near to its Pivot levels of 0.6787 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6781 and is moving towards its next target of 0.6795 at which the Price Crosses 18 Day Moving Average Stalls.

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 FXOpen Blog

 

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EURUSD Technical Analysis – 18th SEP, 2024
EURUSD – Resistance of Channel is Broken

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1111 the prices started to correct upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
We can see Bullish price crossover with adaptative moving average 20 in the 1-hourly timeframe.
We have detected the formation of Doji in the daily timeframe which indicates a Neutral market.

The CCI indicator is overbought: over 100 in the weekly timeframe indicating a Neutral market.
We have also seen EURUSD prices hovering Near a new HIGH record (1 year) in the weekly timeframe.
Some of the technical indicators are giving a Bearish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1111 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.1125 which is a 38.2% Retracement From 4 Week High.
EURUSD is now trading near to its Pivot levels of 1.1133 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1119 and is moving towards its next target of 1.1141 which is a Price 1 Standard Deviation Resistance.

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 FXOpen Blog

 

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GBPUSD Technical Analysis – 18th SEP, 2024
GBPUSD – Ichimoku - Bullish crossover: Tenkan & Kijun

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3145 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see the formation of Ichimoku - Bullish crossover: Tenkan & Kijun in the 1-hourly timeframe.
The MACD crosses UP its Moving Average in the 2-hourly timeframe.

The Parabolic SAR indicator bullish reversal is visible in the 4-hourly timeframe.
The Resistance of channel is broken in the daily timeframe.
The prices of GBPUSD are back over the pivot point in the daily timeframe.
We can see the formation of Bullish engulfing lines in the weekly timeframe.

Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the consolidation wave in the markets.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.3145 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3200 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3211 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3199 and is now moving towards its next target of 1.3217 at which the Price Crosses 18 Day Moving Average Stalls.
We are also looking for the breach of the levels of 1.3223 which is a Price 2 Standard Deviations Resistance.

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 FXOpen Blog

 

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NZDUSD Technical Analysis – 18th SEP, 2024
NZDUSD – Resistance of Channel is Broken

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6176 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
The Horizontal resistance is broken in the daily timeframe.
We can see that the Williams percent Range indicator is back over -50 in the daily timeframe.

We have also seen the formation of a White morning star in the weekly timeframe which indicates the bullish nature of the markets.
The CCI indicator is overbought: over 100 in the 4-hourly timeframe which indicates a Neutral market.
Some of the technical indicators are also giving a Bearish to Neutral stance which indicates the presence of the consolidation wave in the markets.
We can see that the NZDUSD is hovering Near a new HIGH record (1 year) in the weekly timeframe.

NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6176 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6215 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6225 which is a Pivot Point 2nd Level Resistance.
NZDUSD is now trading below its Pivot levels of 0.6225 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6215 and is now moving towards its next target of 0.6234 at which the Price Crosses 18 Day Moving Average Stalls.

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 FXOpen Blog

 

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AUDUSD Technical Analysis – 19th SEP, 2024
AUDUSD – Horizontal Resistance is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6737 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Horizontal Resistance is Broken in the 15-minutes timeframe.
We can see Bullish price crossover with Moving Average 20 in the 30-minutes timeframe.
The Resistance of channel is broken in the daily timeframe.

We have also detected Aroon indicator bullish trend in the daily timeframe.
The Momentum indicator is back over zero in the daily timeframe.
We have also detected Bullish price crossover with adaptative moving average 50 in the weekly timeframe.
The prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.

AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6737 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6810 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6819 which is a Price 2 Standard Deviations Resistance.
AUDUSD is now trading near to its Pivot levels of 0.6812 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6793 and is moving towards its next target of 0.6831 which is a Price 3 Standard Deviations Resistance.


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 FXOpen Blog

 

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EURUSD Technical Analysis – 19th SEP, 2024
EURUSD – Bullish Price Crossover Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1067 the prices started to correct upwards against the United States Dollar today in the European Trading session.
We have seen Bullish price crossover with Moving Average 100 in the 15-minutes timeframe.
We can see Bullish price crossover with adaptative moving average 100 in the 15-minutes timeframe.
The price of EURUSD is back over the pivot point in the 15-minutes timeframe.

We can see the formation of Bullish price crossover with Moving Average 100 in the 30-minutes timeframe.
The RSI indicator is back over 50 in the 1-hourly timeframe.
The Ichimoku: price is over the cloud in the 1-hourly timeframe.
We have also seen Moving Average bullish crossovers: MA50 & MA100 in the 4-hourly timeframe.

The Resistance of channel is broken in the daily timeframe.
EURUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1067 mark.
• Short-term range appears to be Mild Bullish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.1132 which is a 14-3 Day Raw Stochastic at 70%.
EURUSD is now trading near to its Pivot levels of 1.1137 and is moving into a Mild Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1115 and is moving towards its next target of 1.1151 which is a 14-3 Day Raw Stochastic at 80%.


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 FXOpen Blog

 

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GBPUSD Technical Analysis – 19th SEP, 2024
GBPUSD – Bullish Price Crossover Pattern

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3152 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see Bullish price crossover with adaptative moving average 50 in the 15-minutes timeframe.
We can see Bullish price crossover with Moving Average 20 in the 30-minutes timeframe.
The RSI indicator is back over 50 in the 30-minutes timeframe.

The Resistance of channel is broken in the 1-hourly timeframe.
We have seen Bullish trend reversal: Moving Average 100 in the 4-hourly timeframe.
We can see the Horizontal resistance is broken in the daily timeframe.
The prices of GBPUSD are back over the pivot point in the daily timeframe.
We can see the formation of Bullish engulfing lines in the weekly timeframe.

GBPUSD prices are hovering New HIGH record (1 year) in the weekly timeframe.
GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.3152 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3220 levels.
• Average true range ATR is indicating Less market volatility.

GBPUSD is now trading below its Pivot levels of 1.3257 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3206 and is now moving towards its next target of 1.3238 which is a 14-3 Day Raw Stochastic at 80%.
We are also looking for the breach of the levels of 1.3261 which is a Price 1 Standard Deviation Resistance.


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 FXOpen Blog

 

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NZDUSD Technical Analysis – 19th SEP, 2024
NZDUSD – Resistance of Channel is Broken

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6180 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
The Price is back over the pivot point in the daily timeframe.
We can see that the Momentum indicator is back over zero in the daily timeframe.

We have also seen the formation of a Bullish price crossover with adaptative moving average 100 in the weekly timeframe.
We can see the formation of a White morning star in the weekly timeframe which indicates the bullish nature of the markets.
We have also seen a Bullish opening of the markets this week.
We can see that the NZDUSD is hovering Near a new HIGH record (1 year) in the weekly timeframe.

NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6180 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6220 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6236 which is a 3-10 Day Moving Average Crossover Stalls.
NZDUSD is now trading below its Pivot levels of 0.6237 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6213 and is now moving towards its next target of 0.6241 which is a Price 1 Standard Deviation Resistance.


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 FXOpen Blog

 

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AUDUSD Technical Analysis – 24th SEP, 2024
AUDUSD – Resistance of Channel is Broken

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6814 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 15-minutes timeframe.
The price of AUDUSD is back over the pivot point in the 4-hourly timeframe.
The Williams percent Range indicator is back over -50 in the 4-hourly timeframe.

We can see that the Resistance of channel is broken in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
The prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe.
AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.
• Aussie Bullish reversal seen above the 0.6814 mark.
• Short-term range appears to be Strong Bullish.
• AUDUSD continues to remain above the 0.6850 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.6869 which is a 1-Month High.
AUDUSD is now trading above its Pivot levels of 0.6847 and is moving into a Strong Bullish channel.
The price of AUDUSD remains just above its Classic support levels of 0.6839 and is moving towards its next target of 0.6886 which is a Price 2 Standard Deviations Resistance.

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 FXOpen Blog

 

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EURUSD Technical Analysis – 24th SEP, 2024
EURUSD – Bullish Trend Reversal Pattern

EURUSD was unable to continue its bearish momentum and after touching a low of 1.1103 the prices started to correct upwards against the United States Dollar today in the European Trading session.
We have seen Bullish trend reversal: Moving Average 20 in the 1-hourly timeframe.
We can see Bullish trend reversal: adaptative moving average 100 in the 1-hourly timeframe.
We have also detected Bullish price crossover with adaptative moving average 50 in the 2-hourly timeframe.

The RSI indicator is back over 50 in the 2-hourly timeframe.
We can also see the Aroon indicator bullish trend formation in the 2-hourly timeframe.
The RSI indicator is back over 50 in the 4-hourly timeframe.
The EURUSD Price is back over the pivot point in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages.
• Euro Bullish reversal seen above the 1.1103 mark.
• Short-term range appears to be Strong Bullish.
• EURUSD continues to remain above the 1.1150 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.1158 which is a Pivot Point 1st Resistance Point.
EURUSD is now trading above its Pivot levels of 1.1139 and is moving into a Strong Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.1112 and is moving towards its next target of 1.1201 which is a 1-Month High.

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 FXOpen Blog

 

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GBPUSD Technical Analysis – 24th SEP, 2024
GBPUSD – Bullish Trend Reversal Pattern

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.3331 the prices started to rise upwards against the United States Dollar today in the European Trading session.
We can see Bullish trend reversal: adaptative moving average 20 in the 15-minutes timeframe.
The Resistance of channel is broken in the daily timeframe.
The CCI indicator is overbought: over 100 in the 4-hourly timeframe.

We are now also looking at some saturation levels near to the 1.3390 which also indicates that the prices are expected to enter into a consolidation zone soon.
We can see the formation of Doji in the 4-hourly timeframe which indicates a Neutral market.
GBPUSD prices are hovering New HIGH record (1 year) in the weekly timeframe.

GBPUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving average.
• Pound Bullish reversal seen above the 1.3152 mark.
• Short-term range appears to be Strong Bullish.
• GBPUSD continues to remain above the 1.3331 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading above its Pivot levels of 1.3379 and is moving into a Strong Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.3336 and is now moving towards its next target of 1.3398 which is a 1-Month High.
We are also looking for the breach of the levels of 1.3409 which is a Price 1 Standard Deviation Resistance.

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 FXOpen Blog

 

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NZDUSD Technical Analysis – 24th SEP, 2024
NZDUSD – Resistance of Channel is Broken

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.6258 the prices started to rise upwards against the United States Dollar today in the European Trading session.
The Resistance of channel is broken in the 1-hourly timeframe.
The CCI indicator is overbought: over 100 indicating a Neutral market.
The Resistance of channel is broken in the daily timeframe.

We have also seen the SuperTrend indicator bullish reversal in the weekly timeframe.
We can see that the prices of NZDUSD are reaching a saturation level near to the 0.6330 levels which also indicates a possible shift towards the consolidation phase in the markets.
We can see that the NZDUSD is hovering Near a new HIGH record (1 year) in the weekly timeframe.
NZDUSD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.
• Kiwi Bullish reversal seen above the 0.6258 mark.
• Short-term range appears to be Strong Bullish.
• NZDUSD continues to remain above the 0.6320 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.6326 which is a 1-Month High.
NZDUSD is now trading near to its Pivot levels of 0.6321 and is moving into a Strong Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.6314 and is now moving towards its next target of 0.6338 which is a Price 3 Standard Deviations Resistance.

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 FXOpen Blog