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NZD-USD

NZDUSD, D1 | Reversal off key resistanceWe're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection. It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower. A reversal from here could see prices potentially drop all the way down to our major support at 0.5749 which also happens to be a 78.6% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
NZDUSD Conditions for a buyNZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom. There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry. Trading Plan: 1. Buy if the price closes over the MA50 (4H). 2. Buy when the MACD (1d) completes a Buy Cross. Targets: 1. 0.62150 (Fibonacci 0.618) in both cases. Tips: 1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry. Please like, follow and comment!!
Long
by TradingBrokersView
14
NZDUSD to turnaround?NZDUSD - 24h expiry - We look to Buy a break of 0.6100 (stop at 0.6064) Previous support located at 0.6050. Previous resistance located at 0.6100. A bullish reverse Head and Shoulders is forming. A move through 0.6100 will confirm the bullish momentum. The RSI is trending higher. Our profit targets will be 0.6190 and 0.6215 Resistance: 0.6100 / 0.6150 / 0.6200 Support: 0.6050 / 0.6025 / 0.6000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
NZDUSD Buy signal within the Channel Down confirmedThe NZDUSD pair hit our upside target (see chart below) on our last analysis more than a month ago and then started to pull-back: That pull-back was the bearish leg of the long-term Channel Down, which has so far been the dominant pattern of 2023. Today is the 2nd straight green 1D candle since the price came close to the bottom of the Channel Down so the R/R is favorable in buying for the medium-term and targeting the top of the pattern at 0.62750. The 1D RSI almost getting oversold is an additional buy signal, though last time it required a Double Bottom (March 09), which was a slightly Lower Low before the bottom was priced. But still the R/R is low on that trade. A closing below the Channel Down however would invalidate this trade and instead we will sell aggressively targeting Support 2 at 0.57415. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
NZDUSD: Strong buy signal approaching inside the Channel DownNZDUSD is trading inside a Channel Down, currently under both the 1D MA50 and 1D MA200 but approaching the bottom of the pattern. The 1D timeframe is technically bearish (RSI = 35.132, MACD = -0.002, ADX = 37.676) but when the RSI hit the bottom of the five month Rectangle it has been a buy signal. Similarly with the top being a sell signal. Those RSI tops and bottoms match perfectly the Highs and Lows of the Channel Down. We are starting to add small portions of buy now, targeting the top of the Channel Down (TP = 0.62800). If we get a 1D candle close over the Channel Down, we will enter a buy again targeting R2 (TP = 0.65400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
✨ NEW: NZDUSD ✨ Day Trade (7m)SLO @ 87.00 (aggressive sell order) TP3 @ 86.90 (closing ALL buy orders) TP2 @ 86.75 (shave 25%) TP1 @ 86.50 (shave 25%) BLO1 @ 86.40 (aggressive buy order) BLO2 @ 86.25 (aggressive buy order) -SL @ 86.00 🚫 NZD News May 23, 2023 @ 19:00 PT / 22:00 ET The Official Cash Rate (OCR) Will Affect the New Zealand Dollar (NZD) The OCR is set by the Reserve Bank of New Zealand (RBNZ) and is used to control inflation. When inflation is high, the RBNZ will raise the OCR in an effort to slow down the economy. This can make the NZD more valuable, as it makes New Zealand a more attractive place to invest. When inflation is low, the RBNZ will lower the OCR in an effort to stimulate the economy. This can make the NZD less valuable, as it makes New Zealand a less attractive place to invest. 📈 The NZDJPY pair is currently trading at 86.61. Price Action (PA) has been in an uptrend (UT) since 05/21 @ 18:54 PT and if PA breaks mid-pivot (MP) @ 86.65, it should continue the UT until it reaches Major Resistance @ ~86.77 or ~87.04. 📉 If PA reacts to 86.77 as Major Resistance, it could continue to retrace down to the next Demand Zone (DZ) @ 86.40 or 86.25 (7m). * Resistance 2 @ ~87.04 * Resistance 1 @ ~86.77 * Support 1 @ ~86.40 * Support 2 @ ~86.25 BANKS, BUSINESSES, CONSUMERS —The OCR is the interest rate set by the Reserve Bank of New Zealand (RBNZ) —It is the rate at which banks can borrow money from the RBNZ —When the OCR is increased, it makes it more expensive for banks to borrow money —Which, in turn, makes it more expensive for businesses —Which, then, makes it more expensive for consumers to borrow money —This can lead to a slowdown in economic activity —This puts pressure on the value of the NZD —This pressure would cause the NZDJPY to rise INVESTORS — Higher OCRs tend to make the NZD more valuable — Higher interest rates make New Zealand a more attractive place to invest — A higher return can be earned on their money — This increased demand for NZD pushes up its value. ⚠️ It is important to remember that the value of the NZD against the JPY can fluctuate rapidly, and it is always important to do your own research before making any trading decisions.
Long
by ProfessorCEWard
NZDUSD to find buyers at current swing low?NZDUSD - 24h expiry Previous support located at 0.6225. Previous resistance located at 0.6250. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 0.6250 will confirm the bullish momentum. We look to Buy at 0.6190 (stop at 0.6160) Our profit targets will be 0.6265 and 0.6285 Resistance: 0.6250 / 0.6260 / 0.6275 Support: 0.6225 / 0.6200 / 0.6175 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
HUGE Buy Opportunity NZD/USD There is a significant buying opportunity on the NZD/USD currency pair at the price level of 0.61800. Traders may view this as a favorable entry point to go long on NZD/USD, anticipating a potential upward price movement from this level. However, it is important to conduct a thorough analysis and consider other factors, such as market conditions and risk management, before making any trading decisions. Purchase The BreakoutBuddy🚀 HERE http;//www.SuperTrendFx.com My YouTube Channel www.youtube.com Open A DEMO Account Today kot4x.com 👈 Open A DEMO Account login.hankotrade.com 👈 ❤❤ If You Like This Idea, You Will Have a GREAT Trading Week 👍
Long
by Supertrendfx
3
NZD USD - FUNDAMENTAL ANALYSISAn extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
Long
by thunderpips
NZD USD - FUNDAMENTAL ANALYSISAn extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
Long
by thunderpips