empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

03.05.202318:19 Forex Analysis & Reviews: NZD/USD: further growth signaled

The NZD/USD pair rallied in the short term and now is trading at 0.6237 at the time of writing. After its amazing growth, the price dropped a little but this was only temporary before jumping higher again.

The rate turned to the upside ahead of the FOMC, even though the ADP Non-Farm Employment Change came in at 296K versus 148K expected, while ISM Services PMI increased from 51.2 points to 51.9 points, beating the 51.8 points estimated. Later, the FOMC Statement and FOMC Press Conference should really shake the price.

NZD/USD Retreat Ended!

Exchange Rates 03.05.2023 analysis

As you can see on the H1 chart, the rate dropped a little to retest the 0.6224 broken resistance and now it seems determined to resume its growth. The price is struggling to stabilize above the median line (ml).

The bias remains bullish as long as the rate is trading above the median line (ml). The next upside target is represented by 0.6249.

NZD/USD Outlook!

Stabilizing above the median line (ml) and making a new higher high, a bullish closure above 0.6249 validates further growth and represents a new buying opportunity with a potential target at the R3 (0.6280). The bullish scenario could be invalidated by a new lower low.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.