Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
22 Nov 2022

NZD/USD Price Analysis: Ascending-triangle targets 0.6300

  • The NZD/USD is pairing Monday’s losses, up by 0.84%.
  • From a daily chart perspective, the NZD/USD is neutral-upward biased, though it needs to clear 0.6200.
  • An ascending channel in the NZD/USD 4-hour chart will exacerbate a rally towards 0.6300.

The New Zealand Dollar (NZD) trims Monday’s losses and rises back above the 0.6100 figure due to overall US Dollar (USD) weakness, as market sentiment improved, though it remains fragile. Therefore, the NZD/USD is trading at 0.6148, above its opening price by 0.80%, after hitting a daily low of 0.6094.

NZD/USD Price Analysis: Technical outlook

From a daily chart perspective, the NZD/USD is neutral-to-upward biased, consolidated for the last six days, within the 0.6100 – 0.6200 range. Of note, the NZD/USD exited from a descending channel six days ago, a solid breakout, meaning that the major might rally toward higher prices. Nevertheless, although in bullish territory, the Relative Strength Index (RSI) aims downwards, meaning buyers are losing momentum or getting a respite ahead of challenging the 200-day Exponential Moving Average (EMA) at  0.6303.

Short term, the NZD/USD 4-hour chart suggests an ascending channel is forming, which, once broken to the upside, would expose key resistance levels. Nevertheless, the NZD/USD is struggling to clear the R1 daily pivot at 0.6150, which, once cleared, could open the door toward 0.6200, followed by the August 24 swing high at 0.6251, ahead of the 0.6300 psychological level.

NZD/USD Key Technical Levels

 

Nov 22, 2022

Fed's George: US house prices remain above pre-pandemic trend

Kansas City Federal Reserve President Esther George said US house prices remain above the pre-pandemic trend and one can argue it is in part due to qu
Read more Previous
Nov 22, 2022

US Dollar bears on top and eyes are on a break of 106.00

The US Dollar retreated across the board on Tuesday with investors looking past worries about China's COVID flare-ups ahead of Wednesday's Federal Ope
Read more Next