Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
29 Jul 2021

NZD/USD Price Analysis: Bulls challenge resistance near 0.6950

  • NZD/USD  shrugs off the previous day’s decline and gains in Asian trading hours.
    More upside envisioned if price decisively breaks 0.6950.
  • Momentum oscillator holds onto the oversold zone with a neutral bias.

NZD/USD edges higher on Friday in the Asian session. The pair opened higher but retreated lower to touch the intraday lower level of 0.6940.

At the time of writing, NZD/USD is trading at 0.6952, up 0.17% for the day.

NZD/USD daily chart

Technically speaking, the NZD/USD pair has been moving inside a broader trading range of 0.6950 and 0.7100.
 If NZD/USD sustained above 0.6960,  it could find the first resistance near the 20-day Simple Moving Average (SMA) at 0.6980.

The Moving Average Convergence Divergence (MACD) indicator trades in an oversold zone. Any uptick in the MACD could trigger more buying opportunities in the pair. The bulls would see the next upside target at 0.7000 key psychological mark.

NZD/USD bulls would test the 0.7050 horizontal resistance level.

Alternatively, if price moves lower,  it will first locate the downside target at 0.6925 horizontal support level followed by the June 21 low at 0.6894.

A daily close below the mentioned level would drag the price outside the rectangle formation.

Next, the market participants would be encouraged to take over the low of November 16, 2020, at 0.6841.

NZD/USD additional levels


 

Jul 29, 2021

Australia Export Price Index (QoQ) up to 13.2% in 2Q from previous 11.2%

Australia Export Price Index (QoQ) up to 13.2% in 2Q from previous 11.2%
Read more Previous
Jul 29, 2021

AUD/USD: Sellers attack 0.7350 as coronavirus woes escalate in Australia

AUD/USD takes offers around 0.7360, down 0.18% intraday, amid Thursday’s Asian session. In doing so, the Aussie pair refrains from welcoming the secon
Read more Next