Forecast by Marius Ghisea – NZD/USD (August 22-26)

The NZD/USD currency pair is into a range between 0.7345 and 0.7155, according to the daily chart. If the price reaches EMA50 (0.7124), this is a confirmation that a downtrend will start. The stochastic oscillator indicates also that this currency pair may fall in the medium long term.

NZDUSDdaily-page-001 (1)

The MACD indicates a downtrend on the 8 hour chart. If the price breaks out of its range at 0.7205 where is the exit from the trendline, the NZD/USD pair will fall.

NZDUSDh8-page-001

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