Daily Market Analysis 27 July 2022

Daily Market Analysis 27 July 2022

  • Market News
  • Daily Market News
  • 2022, 27 July

NZD/USD

Technical Outlook

On the daily chart, the NZD/USD pair ringing in gains as the spot manages to hold the support level. The bull’s commitment is being challenged near the highs of 0.6280. The pair faces rejection near 0.6300 mark. Now, a break of the vital support zone of 0.6200 would amplify the selling.


Technical Indicators
Action
RSI (49)
SELL
Oscillator (71)
BUY
MACD (Below Midline)
SELL
200 EMA (0.6598)
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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