empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

30.01.202315:55 Forex Analysis & Reviews: NZD/USD outlook for January 30, 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 30.01.2023 analysis

NZD/USD is trading in the medium-term bull market zone, above the key support levels 0.6340 (50 EMA on the weekly chart), 0.6285 (200 EMA on the daily chart), 0.6260 (38.2% Fibonacci level in the recent slide from 0.7465 in February 2012 to 0.5512, reached in October 2022).

After reaching a local multi-month low of 0.5512 in mid-October, NZD/USD is developing an upward correction towards the key resistance levels 0.6600, 0.6630 (200 EMA on the weekly chart), separating the long-term bull market from the bear market.

Exchange Rates 30.01.2023 analysis

Alternatively, the first signal for the resumption of short positions will be a breakdown of the important short-term support level 0.6464 (200 EMA on the 1-hour chart) and the local support level 0.6448, and the confirming one will be a breakdown of the support level 0.6372 (200 EMA on the 4-hour chart).

A breakdown of the 0.6285, 0.6260 support levels will return NZD/USD to the global bear market zone.

Exchange Rates 30.01.2023 analysis

Support levels: 0.6462, 0.6448, 0.6400, 0.6372, 0.6340, 0.6325, 0.6300, 0.6285, 0.6260, 0.6246

Resistance levels: 0.6500, 0.6515, 0.6565, 0.6600, 0.6630

Trading scenarios

Sell Stop 0.6440. Stop-Loss 0.6515. Take-Profit 0.6400, 0.6372, 0.6340, 0.6325, 0.6300, 0.6285, 0.6260, 0.6246, 0.6190

Buy Stop 0.6515. Stop-Loss 0.6440. Take-Profit 0.6565, 0.6600, 0.6630, 0.6720

Jurij Tolin
Analytical expert of InstaForex
© 2007-2024

Open trading account

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




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off