Forex analytics and overview

NZD/USD Needs to Surpass 0.6200 for More Bullish Actions

2022.11.23 09:12

XM Group

NZD/USD is testing the 0.6200 psychological mark once again after it broke the long-term descending trend line to the upside.

The bullish bias in the short-term may be endorsed if there is a climb above the medium-term downtrend line and the 200-day simple moving average (SMA) at 0.6290. The MACD oscillator is mirroring the several tests for more bullish actions as the oscillator is moving sideways near its trigger line. However, the RSI is heading north approaching the 70 level.

To the upside, an initial important resistance region at 0.6200 must be penetrated to hit the 200-day SMA at 0.6290. Conquering this, the 0.6470 barrier could halt the climb towards the 0.6570 level, a break of which would shift the outlook to positive.

Otherwise, if sellers manage to close decisively below the long-term falling line and the 0.6000 handle, which overlaps with the 20-day SMA, the 50-day SMA at 0.5820 may challenge bears’ efforts to revisit the 0.5770 support level.

All in all, NZDUSD needs some more boost to surpass the immediate resistance of 0.6200 and the 200-day SMA to keep the bias to the upside. 

NZDUSD



Source link

NZD/USD Needs to Surpass 0.6200 for More Bullish Actions

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 61,993.61 0.73%
ethereum
Ethereum (ETH) $ 3,437.84 1.63%
tether
Tether (USDT) $ 1.00 0.26%
bnb
BNB (BNB) $ 409.00 1.03%
solana
Solana (SOL) $ 128.81 3.57%
xrp
XRP (XRP) $ 0.623725 5.93%
staked-ether
Lido Staked Ether (STETH) $ 3,433.43 1.70%
usd-coin
USDC (USDC) $ 0.999798 0.14%
cardano
Cardano (ADA) $ 0.736589 9.97%
dogecoin
Dogecoin (DOGE) $ 0.14408 19.94%
avalanche-2
Avalanche (AVAX) $ 42.60 0.38%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 66.15%
chainlink
Chainlink (LINK) $ 21.36 8.08%
tron
TRON (TRX) $ 0.140697 0.25%
polkadot
Polkadot (DOT) $ 8.91 6.07%
matic-network
Polygon (MATIC) $ 1.08 5.84%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,004.61 0.75%
the-open-network
Toncoin (TON) $ 2.73 0.67%
uniswap
Uniswap (UNI) $ 12.37 12.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 401.54 26.43%
litecoin
Litecoin (LTC) $ 90.02 5.81%
internet-computer
Internet Computer (ICP) $ 13.39 4.90%
dai
Dai (DAI) $ 1.00 0.24%
ethereum-classic
Ethereum Classic (ETC) $ 33.05 12.01%
cosmos
Cosmos Hub (ATOM) $ 11.90 4.66%
filecoin
Filecoin (FIL) $ 8.82 6.71%
leo-token
LEO Token (LEO) $ 4.81 0.92%
immutable-x
Immutable (IMX) $ 3.20 0.39%
aptos
Aptos (APT) $ 11.92 2.44%
bittensor
Bittensor (TAO) $ 690.14 0.11%
near
NEAR Protocol (NEAR) $ 4.07 2.16%
blockstack
Stacks (STX) $ 2.92 0.58%
hedera-hashgraph
Hedera (HBAR) $ 0.118574 2.13%
kaspa
Kaspa (KAS) $ 0.171968 0.31%
optimism
Optimism (OP) $ 3.85 1.93%
injective-protocol
Injective (INJ) $ 43.80 5.64%
stellar
Stellar (XLM) $ 0.132181 6.57%
vechain
VeChain (VET) $ 0.050602 5.66%
crypto-com-chain
Cronos (CRO) $ 0.130236 16.05%
first-digital-usd
First Digital USD (FDUSD) $ 0.99951 0.36%
okb
OKB (OKB) $ 53.71 3.82%
lido-dao
Lido DAO (LDO) $ 3.40 0.35%
mantle
Mantle (MNT) $ 0.932007 1.88%
the-graph
The Graph (GRT) $ 0.314434 7.23%
render-token
Render (RNDR) $ 7.62 0.43%
celestia
Celestia (TIA) $ 16.67 0.06%
monero
Monero (XMR) $ 143.09 2.02%
arbitrum
Arbitrum (ARB) $ 1.99 0.30%
sei-network
Sei (SEI) $ 0.84923 0.45%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,787.96 1.86%