Daily Market Analysis 25 July 2022

Daily Market Analysis 25 July 2022

  • Market News
  • Daily Market News
  • 2022, 25 July

NZD/USD

Technical Outlook

On the daily chart, the NZD/USD pair ringing in losses as the fresh trading week begins. The bull’s commitment is being challenged near the highs of 0.6270. The pair faces rejection near 0.6300 mark. Now, a break of the vital support zone of 0.6110-15 would amplify the selling.



Technical Indicators
Action
RSI (50)
BUY
Oscillator (71)
BUY
MACD (Below Midline)
SELL
200 EMA (0.6601)
SELL


Strategy


Scenario 1
Scenario 2
Action
SELL
SELL
Entry
0.6230 
0.6240
Target 1
0.6200
0.6210
Target 2
0.6170
0.6180
Stop Loss
0.6260
0.6270


Key Signposts

No key data

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