NZDUSD Weekly Technical Analysis – 22 February 2022

NZDUSD Technical Analysis: Weekly Chart

In the weekly charts, NZDUSD is trading in a down channel.

It is trading below all SMA.

The immediate support is 0.6697 & the resistance level is at 0.6779.

NZDUSD is trading in the down channel until there is a trend reversal

NZDUSD Technical Analysis: Daily Chart

In the daily charts, NZDUSD is trading in an up channel.

It is trading below 100 days and above 20 and 50 days SMA.

The immediate support is 0.6699 & the resistance level is 0.6755.

NZDUSD is trading in the up channel until there is a trend reversal.  

How to Trade NZDUSD this Week:

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

TRADE SUGGESTION- BUY AT 0.6735, TAKE PROFIT AT 0.6755 AND STOP LOSS AT 0.6699