21.01.202510:59 Forex-elemzések és áttekintések: Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday January 21, 2025.

With the appearance of divergence between the price movement of the NZD/USD commodity currency pair with the Stochastic Oscillator indicator and confirmation of its price movement moving above the EMA (21) which has a slope that slopes upwards, in the near future the Kiwi has the potential to strengthen upwards where the level of 0.5681 will be tested if it is successfully break and closes above it, then the Kiwi has the potential to continue its strengthening again to the level of 0.5759 and 0.5818 if the momentum of strengthening and volatility support it, but please also note that the appearance of the Ascending Broadening Wedge pattern also gives an indication that there is also the potential for a weakening correction where the NZD/USD also has the potential to be corrected to the level of 0.5589, but as long as the correction does not breaks and close below the level of 0.5558, the Kiwi will still be in a strengthening condition.

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