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.
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.
Octa trading broker
Open trading account
Back

NZD/USD Technical Analysis: Bounce off bullish 20-day MA, but the falling channel still intact

The ascending 20-day moving average (MA) put a floor under the kiwi dollar yesterday, the outlook, however, would turn bullish only if the pair manages to clear the falling channel hurdle, currently at 0.6815.

4-hour chart

  • As seen above, the NZD/USD is trapped in a descending channel for a 12th straight day. A bull breakout, if confirmed, would signal a continuation of the rally from the Nov. 1 low of 0.6514 and could yield a break above the recent high of 0.6883.

Daily chart

  • Over on the daily chart, the pair has bounced off nicely from the ascending (bullish) 20-day MA. The prospects of falling channel breakout, however, would weaken sharply if the spot finds acceptance below the 20-day MA, currently at 0.6767.

Trend: Bullish after channel breakout

NZD/USD

Overview:
    Today Last Price: 0.6795
    Today Daily change: 3.0 pips
    Today Daily change %: 0.0442%
    Today Daily Open: 0.6792
Trends:
    Previous Daily SMA20: 0.6752
    Previous Daily SMA50: 0.6636
    Previous Daily SMA100: 0.6658
    Previous Daily SMA200: 0.6874
Levels:
    Previous Daily High: 0.6811
    Previous Daily Low: 0.6753
    Previous Weekly High: 0.6876
    Previous Weekly Low: 0.6767
    Previous Monthly High: 0.663
    Previous Monthly Low: 0.6424
    Previous Daily Fibonacci 38.2%: 0.6789
    Previous Daily Fibonacci 61.8%: 0.6775
    Previous Daily Pivot Point S1: 0.676
    Previous Daily Pivot Point S2: 0.6727
    Previous Daily Pivot Point S3: 0.6702
    Previous Daily Pivot Point R1: 0.6818
    Previous Daily Pivot Point R2: 0.6843
    Previous Daily Pivot Point R3: 0.6876

 

 

 

China's Vice Premier Liu: No country can win a trade war

Reuters reports the recent comments delivered by China’s Vice Premier Liu He on protectionism at an economic conference held in Hamburg on Tuesday. K
Read more Previous

Crude setting up for a steady bullish recovery, WTI clawing back to $52.00

After a rough seven-week decline that saw oil prices shed 35% peak-to-trough, with WTI barrels skiding from 77.00 to the 50.00 zone, fueled by an unex
Read more Next