NZDUSD trend forecast February 7, 2025
The NZD/USD pair remains strong around 0.5680 during the Asian session on Friday. However, its upward momentum may be restricted as traders await the highly anticipated US Nonfarm Payrolls (NFP) data for January, set to be released later in the day.
Meanwhile, China has filed a complaint with the World Trade Organization (WTO) against US President Donald Trump's recent 10% tariff on Chinese imports and the removal of a duty-free exemption for low-value packages, calling these measures "protectionist" and in violation of WTO rules. Investors are keeping a close watch on developments related to the renewed trade tensions between the US and China, the world's two largest economies. Any signs of further escalation could pressure the Kiwi, given China's significant role as New Zealand’s key trading partner.
H2 trendline NZDUSD, along with NF nes USD, forecasts well for USD, creating selling pressure
/// SELL NZDUSD: zone 0.56850-0.56950
SL: 0.57300
TP: 40 - 70 - 100pips ( 0.55950 )
Safe and profitable trading
The NZD/USD pair remains strong around 0.5680 during the Asian session on Friday. However, its upward momentum may be restricted as traders await the highly anticipated US Nonfarm Payrolls (NFP) data for January, set to be released later in the day.
Meanwhile, China has filed a complaint with the World Trade Organization (WTO) against US President Donald Trump's recent 10% tariff on Chinese imports and the removal of a duty-free exemption for low-value packages, calling these measures "protectionist" and in violation of WTO rules. Investors are keeping a close watch on developments related to the renewed trade tensions between the US and China, the world's two largest economies. Any signs of further escalation could pressure the Kiwi, given China's significant role as New Zealand’s key trading partner.
H2 trendline NZDUSD, along with NF nes USD, forecasts well for USD, creating selling pressure
/// SELL NZDUSD: zone 0.56850-0.56950
SL: 0.57300
TP: 40 - 70 - 100pips ( 0.55950 )
Safe and profitable trading
Trade active
+ 20 pips , signal SELL NZDUSD ( 0.56850 - 0.56950 ) before Nf news Trade closed: target reached
+ 35 pips , signal SELL NZDUSD ( 0.56850 - 0.56950 ) , nice 
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.