NZD/USD Long Setup – Breakout Confirmation & Smart Money Support
Technical: NZD/USD has broken above 0.5572 resistance, confirming a bottom. This level should now act as support on any pullbacks. Look to enter between 0.5762 – 0.5572, with an upside target of 0.5870. Place a stop loss at 0.5730 to manage risk.
Fundamental: The U.S. dollar is seeing continued selling pressure from commercial participants, while NZD is being accumulated—suggesting smart money positioning for further upside.
Seasonal: Historically, NZD/USD has risen 66.67% of the time between March 17 – April 12, with an average return of 1.31% over the past 21 years.
Trade Idea:
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Fundamental: The U.S. dollar is seeing continued selling pressure from commercial participants, while NZD is being accumulated—suggesting smart money positioning for further upside.
Seasonal: Historically, NZD/USD has risen 66.67% of the time between March 17 – April 12, with an average return of 1.31% over the past 21 years.
Trade Idea:
- Entry: 0.5762 – 0.5572
- Stop Loss: 0.5730
- Target: 0.5870
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.