The NZD/USD stands recovered to 0.5919, it seeing 0.60% gains. The dominant sentiment remains bearish, subtly dominated by sellers due to the consistent positioning beneath key Simple Moving Averages (SMAs). However, indicators on the daily and hourly charts seem to be recovering.
On the daily chart, the Relative Strength Index (RSI) demonstrates a negative sentiment as it continues an under-50 trend. Although there was a slight uptick from the recent low point seen on Monday, the RSI remains in deep in negative territory. Moreover, the Moving Average Convergence Divergence (MACD) displays falling red bars, reinforcing a weakening bearish momentum.
The hourly chart presents an interesting contrast. Here, recent RSI readings consistently float above 50, marking a positive territory. The latest reading is 57, revealing that buyers are taking the reins on the hourly scale. The MACD histogram echoes the buying momentum printing rising green bars.
Upon examining the long-term trend, it becomes apparent that the NZD/USD exhibits bearish momentum as it slots below the 20-day, 100-day, and 200-day Simple Moving Average (SMA) indicators. So any movements which keeps the pair beneath these levels shouldn't be considered as a clear buying signal.
Overview | |
---|---|
Today last price | 0.5917 |
Today Daily Change | 0.0037 |
Today Daily Change % | 0.63 |
Today daily open | 0.588 |
Trends | |
---|---|
Daily SMA20 | 0.5993 |
Daily SMA50 | 0.6075 |
Daily SMA100 | 0.6132 |
Daily SMA200 | 0.6062 |
Levels | |
---|---|
Previous Daily High | 0.5908 |
Previous Daily Low | 0.5868 |
Previous Weekly High | 0.6079 |
Previous Weekly Low | 0.5933 |
Previous Monthly High | 0.6218 |
Previous Monthly Low | 0.5956 |
Daily Fibonacci 38.2% | 0.5884 |
Daily Fibonacci 61.8% | 0.5893 |
Daily Pivot Point S1 | 0.5863 |
Daily Pivot Point S2 | 0.5846 |
Daily Pivot Point S3 | 0.5823 |
Daily Pivot Point R1 | 0.5902 |
Daily Pivot Point R2 | 0.5925 |
Daily Pivot Point R3 | 0.5942 |
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