{"id":1654,"date":"2024-04-18T11:39:34","date_gmt":"2024-04-18T11:39:34","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=1654"},"modified":"2025-05-15T14:20:47","modified_gmt":"2025-05-15T14:20:47","slug":"chart-of-the-day-trendline-holds-for-nzdusd","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/chart-of-the-day\/chart-of-the-day-trendline-holds-for-nzdusd\/","title":{"rendered":"Chart of the Day: Trendline Holds For NZDUSD"},"content":{"rendered":"\n
<\/div>Quick Tip: <\/span>\u00a0<\/span>The DXY is also in an overall uptrend at the moment, which makes this push from NZDUSD a divergence.<\/div>\n\n\n\n
\"\"<\/figure>\n\n\n\n

As we discussed in our previous analysis of NZDUSD, it was approaching a significant trendline spanning over 3 years. Upon initially losing the level at approximately $0.59, NZDUSD has reclaimed it the next day.<\/p>\n\n\n\n

Currently, the Kiwi dollar is showing its resilience and holding above the major trendline. It\u2019s even pushed above its previous day’s highs at $0.59254 for today.<\/p>\n\n\n\n

Scenarios:<\/strong><\/h2>\n\n\n\n
    \n
  • If NZDUSD holds, it may rally to retest the pivot high around $0.606.<\/li>\n\n\n\n
  • If NZDUSD holds $0.606, we may continue to rally even higher to the top of the triangle.<\/li>\n\n\n\n
  • If NZDUSD breaks below the support trendline, we may retest the October 26 low of $0.57 or lower.<\/li>\n<\/ul>\n\n\n\n

    DXY Dollar Index Chart<\/strong><\/h2>\n\n\n\n

    Now, turning over to the DXY (Dollar Index Chart), we can see a divergence forming between NZDUSD and the DXY.<\/p>\n\n\n\n

    The DXY is technically strong, with the index forming a higher high on Monday. Depending on where the price goes, we could see a reaction at the support area of 105, or a rejection at 107.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    It would be interesting to watch for a posible rejection on the DXY, which would fuel NZDUSD to push higher.<\/p>\n\n\n\n

    Conversely, if DXY drops lower and bounces at 105, we may see NZDUSD retest $0.606 initially, only to get rejected once again.<\/p>\n","protected":false},"excerpt":{"rendered":"

    NZDUSD is approaching a support trend line in place since October 2022.<\/p>\n","protected":false},"author":159,"featured_media":1683,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-1654","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nChart of the Day: Trendline Holds For NZDUSD - Alchemy Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/chart-of-the-day\/chart-of-the-day-trendline-holds-for-nzdusd\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart of the Day: Trendline Holds For NZDUSD - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"NZDUSD is approaching a support trend line in place since October 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/chart-of-the-day-trendline-holds-for-nzdusd\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-15T14:20:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2024\/04\/nzd-a5.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 Minuten\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chart of the Day: Trendline Holds For NZDUSD - 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