empty
 
 
22.02.2023 07:47 AM
Technical Analysis of Daily Price Movement of NZD/USD Commodity Currency Pairs,Wednesday February 22, 2023

This image is no longer relevant

With the appearance of the Double Top pattern and deviations between price movements with the Awesome Oscillator indicator and the DMI indicator (-) which is above and the Moving Average which gives a negative cross, it gives a hint that in the near future, Kiwi has the potential to depreciate downwards to break below the 0.6188 level if If this level is successfully broken down, the NZD/USD has the potential to fall to the level of 0.5738 provided that on the way to these targets there is no upward correction that exceeds the 0.6387 level because if this level is successfully exceeded then all of the downside scenarios described previously will be become invalid and automatically cancel by itself.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback