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NZD-USD

NZDUSD to stall at previous resistance?NZDUSD - 24h expiry Previous support located at 0.6125. Previous resistance located at 0.6175. Trend line support is located at 0.6100. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6200 (stop at 0.6230) Our profit targets will be 0.6125 and 0.6100 Resistance: 0.6175 / 0.6200 / 0.6225 Support: 0.6150 / 0.6125 / 0.6100 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.
Short
by OANDA
NZDUSD Breakout and potential retraceHey Traders, In today's trading session, we are closely observing the NZDUSD currency pair for a potential selling opportunity around the 0.61650 zone. NZDUSD has been trading in an upward direction, but recently it broke out of that uptrend. We are now patiently waiting for a correction to occur, which could indicate a possible retracement of the overall trend leading to lower levels. To further solidify our analysis and gain a clearer understanding of the Federal Reserve's stance on interest rates, we are also keeping an eye on tomorrow's Fed speech. This event will provide more insights into the intentions of the Fed regarding interest rates. By considering this information, we can enhance our understanding and confirm the bias in our trading strategy. Trade safe, Joe.
Short
by JoeChampion
11
NZDUSD feels a need of correction before further downsidesHey Traders, In the coming week, we are closely monitoring NZDUSD for a selling opportunity around the 0.63000 zone. It is worth noting that NZDUSD is currently trading in a downtrend and is in a correction phase, gradually approaching the major trend line at the 0.63000 support and resistance zone. Additionally, it is important to consider that the Reserve Bank of New Zealand (RBNZ) has indicated a pause in rate hikes, which could further impact the currency pair's movement. Trade safe, Joe.
Short
by JoeChampion
16
NZDUSD Potential DownsidesHey Traders, Today, we are closely monitoring the NZDUSD currency pair for a potential selling opportunity around the 0.61900 zone. Previously, NZDUSD had been experiencing an uptrend but has recently broken out of that trend. Currently, it is in a correction phase and approaching the 0.61900 support and resistance zone. It is worth noting that an important event is scheduled for today, namely the FOMC (Federal Open Market Committee) meeting. The FOMC plays a significant role in setting monetary policy in the United States, and their decisions can have an impact on the strength of the USD. If the Fed takes a hawkish stance during this meeting, indicating a likelihood of future interest rate hikes, it could potentially trigger USD strength. As traders, it is essential to consider various factors when evaluating trading opportunities. This includes conducting technical analysis, which involves analyzing price charts, patterns, and indicators to identify potential entry and exit points. Additionally, fundamental analysis is crucial, considering economic indicators, news events, and central bank decisions like the FOMC meeting. Lastly, market sentiment, which reflects the overall attitude and confidence of traders and investors, should also be taken into account. However, it's important to remember that trading always carries inherent risks, and prices can be influenced by unexpected events or factors. Therefore, it is advisable to have a well-defined trading plan in place, including risk management strategies. Trade safe, Joe.
Short
by JoeChampion
6
NZDUSD, H4 | Fibonacci confluence reversalWe're seeing big resistance at 0.6182 which is a pullback resistance + 50% Fibonacci retracement and a 61.8% Fiboancci retracement. A reversal from here could see prices drop to 0.6149 which is our intermediate support - breaking that level could see a further bearish acceleration down to 0.6119. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
NZDUSD to find buyers at previous support?NZDUSD - 24h Previous support located at 0.6050. Previous resistance located at 0.6100. Price continues to trade within the triangle formation. Risk/Reward would be poor to call a buy from current levels. A move through 0.6100 will confirm the bullish momentum. We look to Buy at 0.6040 (stop at 0.6016) Our profit targets will be 0.6100 and 0.6115 Resistance: 0.6100 / 0.6150 / 0.6175 Support: 0.6050 / 0.6025 / 0.6000 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
1
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