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NZD/USD Daily Analysis


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Well it seems the price will rise and there will be changer today,as the price seems move above 0.64882 which act as resistance level today, if this position keep like this there will be morning star pattern that may drive the price higher and this confirmed by Stochastic which indicated the price of NZDUSD at oversold area.

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On H1 chart, the price of NZDUSD successfully rebound after failed to break support at 0.66321 and continuing the bullish trend. Today, be careful with NFP price especially during this night, but technically NZDUSD still has chance to strengthening at the higher price before NFP news.

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Today on H1 chart, NZDUSD movement still hampered on the upper level, the correction which happening cannot bring the price down deeper. Technically i can say there is bullish potential for this pair and it is still open widely, but FOMC today will be the thing to decide what will happen with NZDUSD later.

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NZDUSD moved slightly to the higher price and this bullish movement seems will continue for this pair even the movement wouldn't be so big. This morning on Tokyo Session the price is continuing its bullish sentiment and i predict it would go to 0.68517 which is resistance level.

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On H1 chart, NZDUSD based on stochastic already showing indication of overbought, but the other indicators like MA10 and MA25 still support bullish and also MACD combined with Bollinger Band. So based on that, it seems the price may corrected first before rise but overall for today or at least up to NY session, the trend is overall bullish and may target up to level 0.69100.

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NZD/USD Forecast January 15, 2016, Technical Analysis

nzdusd-h4-instaforex-group.png

The NZD/USD pair had a very volatile session during the day on Thursday, as we ended up forming a bit of a hammer. The hammer of course is a fairly supportive candle, and as a result we believe that this market could bounce significantly from here. A break above the top the hammer would be a nice buying opportunity, as the market could be returning to the previous range that we had been trading in. A break above the top of the candle will send this market to the 0.66 handle, and then possibly as high as the 0.69 level.
 

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On H1 graphic chart, NZDUSD seems gain bullish momentum and this can be seen because of the price is moving above SMA20 and also SMA100. Aside from that, we got RSI is showing overbought signal but it seems that won't make such bubble and while Momentum Inicator is about moving near oversold area, if that could hold for few minutes above overbought zone, sooner we will expect correction.

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NZDUSD this morning cannot even break MA25 and instead strengthening to the higher level and even closed above MA100 and resistance level at 0.66281. With the current condition, this pair still able to continue its bullish trend, but if the price in few hours later fall down and closed below MA100 it seems this pair may have limited uptrend.

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  • 3 weeks later...

The price opening is above pivot level and showing indication to rise is a good thing for NZDUSD. On h1 chart it is clear that overall bullish dominate the market, the same trend supported by Stoch, CCI and the price is moving above MA100 too, i predict it seems the price will rise higher and touch resistance at 0.68514 in few days later.

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On H4 chart, NZDUSD has strong potential to fall, supported by Stochastic and CCI which fall down to 14 and -100 respectively. Not to mention the price is keep moving on this week pivot make it more convincing. Still no potential news that could turn the round.

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H1 chart, NZDUSD just formed bearish engulfing pattern on H1 chart indicated the price may fall deeper and it proven by first bearish act by fall down to below SMA15 and closed below of it. RSI(14) and Stochastic also fall respectively to 64 and 62. The bias is med-bearish and may go towards 0.67002 or even to 0.66507

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H4 chart saw New Zealand Dollar tend to strengthening against US Dollar. At the moment the price of this pair is above pivot and seems trying to test resistance area above. Technically, Stochastic and CCI are moving up where Stoch rise up to 45 and CCI(14) rise to around 48. So overall the trend is bullish and it may reach that resistance spot.

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Just like the other major paid NZD is also strengthening against USD after FOMC announcement, also MA100 still move above and rise to around resistance level trying to test it, this morning the movement seems continue and it seems will try to break resistance at 0.68512.

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NZDUSD under bullish sentiment yesterday and price soared up but once again the movement is faled to break MA100 but still trying to break it once again means another testing to MA100. With RSI rise and KDJ bullish crossover the price are expected to continue strengthening today.

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H1 chart. The price right now has been rising above support level which located at 0.69702 and also above MA100. But remember that the price may retrace back after this uptrend since KDJ and Stochastic already moving near overbought area but still showing a bullish signal since few hours ago. So if the price retracted then the next target is at around 0.68598 but if not, the price may rise once again to 0.68900.

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  • 3 weeks later...

Well, NZDUSD this morning just got its rebound and closed above 0.68512 before it starts, the price seems trying to break resistance at 0.69445 but still cannot do that. Wit this failure for break resistance level it predicted that NZDU may get a pressure once again and fall down near to 0.68512 again.

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NZD's movement today is below pivot level and inside of swing cloud on H1 chart. With Stochastic's graph moving near overbought area and RSI is sideways for now,the price could rebound in this position but nzdusd predicted to drop its price first to test MA 100 today.

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NZDUSD analysis for today is bearish  with the next target located on 0.6733 - 0.6698 and 0.6646, if the price has touched 0.6646 it is better not to open the position once again because the price is already in oversold area Chinkou span. Not to mention RSI also would be around that zone.

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NZD on H1 timeframe indicated that current trend is bearish. EMA50 is actually bearish but MACD showing a strong bullish indication, but candle overall from few hours before giving bearish indication with suport from Parablic SAR and RSI. The target for this bearsih sentiment is 0.67727 or at most to 0.67622

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NZDUSD has been fall down deep in Tokyo Session and it turns out the price is trying to keep the falling potency since bearish sentiment is quite strong and technically KDJ also is on lower level after forming bearish crossover on upper level, This bias could led the price fall further to 0.66852.

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NZDUSD's H1 chart saw on Asia session Parabolic SAR is showing BULLISH pattern, MACD is showing BULLISH, RSI(14) is bullish too and Stochastic which is the same(bullish). So the latest decision is bullish, as for the price target it could be at 0.67603-67835.

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NZDUSD formed Doji on H4 time frame with the price is moving above sma (10) and cut the middle band.Rsi (14) rise to the level of 48. Stochastic (5,3,3) also rise to the level of 65, but Macd (12,26,9) is indicated at low higher. So the conclusion is the price may experiencing the limited bullish to upper band at 0.67750

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Double bottom seen formed on NZDUSD 30 minutes time frame also  there are other indicators such as RSI (14) which is ascending to level 60 and Stochastic to level 53,if the price is able to close above 0.68302 then the rising price later may go towards psychology level at 0.69002.

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Three rising pattern formed on NZDUSD's H1 time frame. Other indicators which are RSI (14) is seen ascend to level 54. While Stochastic (5,3,3) ascend to the level of 83. Last but not least Macd (12,26,9) formed a lower high. So overall, the price bias is strong bullish and testing resistance at 0.69004.

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Doji seems formed on H1 frame chart of NZDUSD and that formed on the upper band area. RSI (14) right now is over bought indicated for reversal at around level 81. While Stochastic (5,3,3) is overbought on the level 86 and Macd (12,26,9) is higher low. The bias for the price is limited bearish to the middle band area at 0.68702.

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