NZDUSD Technical Analysis: Weekly Chart

In the weekly charts, NZDUSD was trading in a down channel. NZDUSD is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 0.62000 the resistance level is at 0.64000

 NZDUSD was traded in a down channel before there is a trend reversal.

NZDUSD Technical Analysis: Daily Chart

In the daily charts, NZDUSD is trading in an up channel. NZDUSD is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 0.62000 the resistance level is at 0.64000

NZDUSD will trade in an up channel until there is a trend reversal.  

How to Trade NZDUSD this Week:

NZDUSD will follow the uptrend until its trend reversal. So, remain bullish on NZDUSD.

TRADE SUGGESTION- BUY AT 0.63847, TAKE PROFIT AT 0.64000 AND STOP LOSS AT 0.62800