NZD/USD – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 0.6396 is resistance

NZD/USD - Currency exchange rate forecast 23.08.2019: the downside prevails as long as 0.6396 is resistance

Alternative scenario: the upside breakout of 0.6396 would call for 0.6416 and 0.6428.

0.6396 is our pivot point.

Our preference: the downside prevails as long as 0.6396 is resistance.

Alternative scenario: the upside breakout of 0.6396, would call for 0.6416 and 0.6428.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.6386 and 0.6379).

Supports and resistances:

0.6428 **

0.6416 *

0.6396 **

0.6388

0.6378 last

0.6353

0.6341 **

0.6329 *

0.6318 **

NZD/USD – Currency exchange rate forecast 22.08.2019: rebound towards 0.6420

NZD/USD - Currency exchange rate forecast 22.08.2019: rebound towards 0.6420

Alternative scenario: the downside breakout of 0.6360 would call for 0.6340 and 0.6328.

Our pivot point stands at 0.6360.

Our preference: rebound towards 0.6420.

Alternative scenario: below 0.6360, expect 0.6340 and 0.6328.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.6381) but below its 50 MA (0.6396).

Supports and resistances:

0.6443 **

0.6432 *

0.6420 **

0.6408

0.6381 last

0.6368

0.6360 **

0.6340 *

0.6328 **

NZD/USD – Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.6400 is support

NZD/USD - Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.6400 is support

The configuration is positive.

Our pivot point stands at 0.6400.

Our preference: the upside prevails as long as 0.6400 is support.

Alternative scenario: the downside breakout of 0.6400 would call for 0.6380 and 0.6368.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.6409 and 0.6413).

Supports and resistances:

0.6480 **

0.6468 *

0.6456 **

0.6444

0.6418 last

0.6408

0.6400 **

0.6380 *

0.6368 **

NZD/USD – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 0.6424 is resistance

NZD/USD - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 0.6424 is resistance

Alternative scenario: above 0.6424, look for 0.6444 and 0.6456.

Our pivot point is at 0.6424.

Our preference: the downside prevails as long as 0.6424 is resistance.

Alternative scenario: above 0.6424, look for 0.6444 and 0.6456.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.6415 and 0.6414).

Supports and resistances:

0.6456 **

0.6444 *

0.6424 **

0.6416

0.6408 last

0.6384

0.6372 **

0.6360 *

0.6348 **

NZD/USD Currency exchange rate forecast 19.08.2019: rebound towards 0.6457

NZD/USD Currency exchange rate forecast 19.08.2019: rebound towards 0.6457

Alternative scenario: below 0.6402, expect 0.6382 and 0.6370.

Our pivot point is at 0.6402.

Our preference: rebound towards 0.6457.

Alternative scenario: the downside breakout of 0.6402 would call for 0.6382 and 0.6370.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.6418) but below its 50 MA (0.6422).

Supports and resistances:

0.6481 **

0.6469 *

0.6457 **

0.6445

0.6419 last

0.6410

0.6402 **

0.6382 *

0.6370 **

NZD/USD Currency exchange rate forecast 16.08.2019: our next up target stands at 0.6480

NZD/USD Currency exchange rate forecast 16.08.2019: our next up target stands at 0.6480

The MACD is negative and above its signal line.

Our pivot point is at 0.6424.

Our preference: our next up target stands at 0.6480.

Alternative scenario: the downside breakout of 0.6424 would call for 0.6404 and 0.6392.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.6440 and 0.6441).

Supports and resistances:

0.6504 **

0.6492 *

0.6480 **

0.6468

0.6444 last

0.6432

0.6424 **

0.6404 *

0.6392 **

NZD/USD Currency exchange rate forecast 14.08.2019: the downside prevails as long as 0.6447 is resistance

NZD/USD Currency exchange rate forecast 14.08.2019: the downside prevails as long as 0.6447 is resistance

Our preference: the downside prevails as long as 0.6447 is resistance.

Our pivot point stands at 0.6447.

Our preference: the downside prevails as long as 0.6447 is resistance.

Alternative scenario: the upside breakout of 0.6447, would call for 0.6467 and 0.6479.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.6444 and 0.6450).

Supports and resistances:

0.6479 **

0.6467 *

0.6447 **

0.6439

0.6427 last

0.6401

0.6389 **

0.6377 *

0.6365 **

NZD/USD Currency exchange rate forecast 13.08.2019: the upside prevails as long as 0.6440 is support

NZD/USD Currency exchange rate forecast 13.08.2019: the upside prevails as long as 0.6440 is support

The MACD is above its signal line and positive.

Our pivot point stands at 0.6440.

Our preference: the upside prevails as long as 0.6440 is support.

Alternative scenario: below 0.6440, expect 0.6420 and 0.6408.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.6449 and 0.6450).

Supports and resistances:

0.6517 **

0.6505 *

0.6493 **

0.6481

0.6456 last

0.6448

0.6440 **

0.6420 *

0.6408 **

NZD/USD Currency exchange rate forecast 13.08.2019: below its lower Bollinger band

NZD/USD Currency exchange rate forecast 13.08.2019: below its lower Bollinger band

Alternative scenario: the upside breakout of 0.6446 would call for 0.6466 and 0.6478.

Our pivot point is at 0.6446.

Our preference: the downside prevails as long as 0.6446 is resistance.

Alternative scenario: the upside breakout of 0.6446, would call for 0.6466 and 0.6478.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.6446 and 0.6448). Finally, the NZD/USD has penetrated its lower Bollinger band (0.6430).

Supports and resistances:

0.6478 **

0.6466 *

0.6446 **

0.6438

0.6429 last

0.6402

0.6390 **

0.6378 *

0.6366 **

NZD/USD Currency exchange rate forecast 12.08.2019: the downside prevails as long as 0.6469 is resistance

NZD/USD Currency exchange rate forecast 12.08.2019: the downside prevails as long as 0.6469 is resistance

Alternative scenario: the upside breakout of 0.6469 would call for 0.6489 and 0.6501.

0.6469 is our pivot point.

Our preference: the downside prevails as long as 0.6469 is resistance.

Alternative scenario: the upside breakout of 0.6469, would call for 0.6489 and 0.6501.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.6463 and 0.6467).

Supports and resistances:

0.6501 **

0.6489 *

0.6469 **

0.6461

0.6451 last

0.6426

0.6414 **

0.6402 *

0.6390 **