Daily Market Analysis 9 May 2022

Daily Market Analysis 9 May 2022

  • Market News
  • Daily Market News
  • 2022, 09 May

NZD/USD

Technical Outlook 

NZD/USD dropped further lower as the fresh trading session begins. The pair lost to 14-month lows with no immediate reversal looked possible on cards.

A firmer USD kept NZD on toes


Technical Indicators
Action
RSI (26)
SELL
Oscillator (0)
SELL
MACD (Below Midline)
SELL
200 EMA (0.6826) 
SELL


Strategy


Action
Sell
Entry 
0.6350
Target 1
0.6320
Target 2 
0.6280
Stop Loss
0.6380


Key Signposts

NZD: No key data



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