Daily Market Analysis 03 Aug 2022

Daily Market Analysis 03 Aug 2022

  • Market News
  • Daily Market News
  • 2022, 03 August

NZD/USD

Technical Outlook 

NZD/USD is putting strong pressure on support at 0.6270. If the price fell below the mentioned level, there is support placed around 0.6210. There is resistance at 0.6350 and 0.6410. All technical indicators signifies mild bullishness in the spot.



Technical Indicators
Action
RSI (51)
BUY
Oscillator (51)
BUY
MACD (Below Midline)
SELL
200 EMA (0.6593)
SELL


Strategy


Scenario 1
Scenario 2
Action
BUY
BUY
Entry
0.6230
0.6240
Target 1
0.6260
0.6270

Target 2

0.6290
0.6300
Stop Loss
0.6200
0.6210


Key Signposts 

NZD: Employment data


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