11.05.2022 12:00 PMNZD/USD found support at 0.6280, thanks to improved market sentiment, which is manifested in a local rebound in stock indices and an increase in demand for commodity assets. Further upward dynamics in the markets and demand for risky assets will support the pair, and may intensify if the US inflation data released today show a noticeable decline.
technical picture:
The quote is below the middle line of the Bollinger indicator, above the SMA 5, but below the SMA 14. The relative strength index (RSI), meanwhile, is below 50% but is moving up, while the stochastic indicator is leaving the oversold zone.
Possible dynamics:
A rise above 0.6300 will prompt a jump to 0.6450.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
