04.03.202507:36 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday March 04, 2025.

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.

If we look at the 4-hour chart of the NZD/USD commodity currency pair, a Divergence appears between the Kiwi price movement and the Stochastic Oscillator indicator, although NZD/USD is currently under pressure from sellers, but if this weakening does not breal and close below the 0.5569 level, then NZD/USD has the potential to strengthen again where the 0.5635 level will be tested to be broken and closed above it and if successful, then Kiwi will head to the 0.5664 level as its main target and 0.5688 as the next target if volatility and strengthening momentum support.

(Disclaimer)

Back to the list

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.