LiteForex - Analytics

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    NZD/USD: breakout of the range is possible on 16.02.2016

    Over the past two weeks the pair NZD/USD is traded in the range of 0.6745 and 0.6600. At the moment the price has consolidated near support level of 0.6605 (ЕМА50 on the daily chart and ЕМА200, ЕМА144 on 4-hour chart).

    However, on the 4-hour chart, the indicators OsMA and Stochastic have reversed in favour of the short positions.

    Breakout of support level of 0.6605 will bring the pair into downward channel with the bottom limit of 0.6200 on the daily chart.

    If the pair breaks out resistance levels of 0.6785 (ЕМА200) and 0.6860 (Fibonacci 23.6%), uptrend can resume.

    Support levels: 0.6605, 0.6585, 0.6525, 0.6490, 0.6430, 0.6370, 0.6300 and 0.6230.
    Resistance levels: 0.6680, 0.6745, 0.6785 and 0.6860.

    Trading tips

    Sell Stop: 0.6580.
    Stop-Loss: 0.6620.
    Take-Profit: 0.6525, 0.6490, 0.6430, 0.6370, 0.6300 and 0.6230.

    Buy Stop: 0.6630.
    Stop-Loss: 0.6590.
    Take-Profit: 0.6680, 0.6740, 0.6785 and 0.6860.



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