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NZD-USD

NZD: Good momentum may lingerFundamental bias: Mildly bullish *The Kiwi dollar was the best performing currency for most of this past week, leading the recovery in commodity FX and significantly trimming the post-FOMC losses. Indeed, fundamentals continue to make NZD a very attractive buy-the-dip opportunity, thanks to one of the most hawkish central banks in G10 and now also a much more balanced positioning. *Market expectations for the RBNZ have continued to move on the hawkish side, with the OIS market now pricing in a the first hike already in early 2022 (the RBNZ signalled no change until 2H22), starting to set the bar quite high for another hawkish surprise at the 15 July RBNZ meeting. One variable we continue to see as central for monetary policy (although not explicitly mentioned by the RBNZ) is the housing market, and a first look at June’s house prices next week will tell us whether the RBNZ will continue to feel the pressure to normalize policy earlier than expected for curbing the housing bubble. So far, it appears that the Government’s measures to stop the rise in house prices have not had a material impact. There are no other domestic drivers to highlight in the week ahead, but NZD’s attractive rate profile may clear the way for a bit more strength in NZD should the global environment continue to allow it.
by thunderpips
NZDUSD facing bullish pressure | 24th June 2021NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 61.8% Fibonacci retracement and 100% Fibonacci extension, towards Take Profit level, in line with 61.8% Fibonacci extension and horizontal swing high resistance. 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.
Long
by FXCM
1
NZDUSD facing bullish pressure | 24th June 2021NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 61.8% Fibonacci retracement and 100% Fibonacci extension, towards Take Profit level, in line with 61.8% Fibonacci extension and horizontal swing high resistance. 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.
Long
by FXCM
NZDUSD facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above the ascending trendline and moving average support, which is in line with our bullish bias. We could see a bounce at 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback support, and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
NZD: Near-term downside but recovery over the summerFundamental bias: Mildly bullish While domestic fundamentals continue to point to strength in the New Zealand dollar (i.e. the 1Q GDP released this week was strong, meaningfully surpassing the consensus expectations: 1.6% quarter-on-quarter vs the consensus at 0.5%), the external environment matters more. The hawkish Fed and the rebound in USD are clear near-term risks for NZD/USD and suggest caution for next week. Yet, with the earlier Fed tapering now expected and more than two months to Jackson Hole, we expect the fundamentally sound NZD to recover over the summer. Interestingly, despite the meaningfully larger long speculative positioning in NZD vs AUD (where speculative positioning is modestly short), NZD did not underperform AUD – underscoring the solid domestic NZ story. On the data front, it will be a quite week. 2Q consumer confidence (Monday) and May trade balance data (Thursday) should not affect NZD much next week. NZD/USD will be largely about the dollar and the upcoming communication from various FOMC members scheduled for next week.
by thunderpips
1
NZD/USD:PRICE DROP DOWN LIKE WE PREDICTED AND NEW SHORT SETUP🔔Like our Previous Analysis the price Drop down and we reach another Take profits . New Zealand GDP beat all forecasts: +1.6% q/q vs forecast of +0.5%. Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
5
NZDUSD facing bearish pressure | 15th June 2021NZDUSD is holding below the descending trendline resistance, and RSI is also approaching the upper resistance where it has reversed from before, indicating possible bearish pressure. We could see a reversal and further downside below Sell Entry, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension, and horizontal pullback resistance, towards Take Profit, in line with horizontal swing low support. 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
ridethepig | NZD for the Yearly Close📌 @ridethepig G10 FX Market Commentary - NZD for the Yearly Close Here we are tracking the weak points in the structure which are strategically important points in every map. They are usually protected and once broken and be rewarding with non-stop moves. The handle to track here is 0.74xx which is well placed and comes to undertaking other duties of preventing the flow back towards 0.883x. Now the early strength of this can be seen with the latest breakup, it is a monthly closing in drastic fashion - a veteran soldier ready to march. A breakdown in Dollar for 2021 is a 'good deed' for the rest of the world but actually we will cover a whole chapter around how it is the only monetary option. After a Biden victory we can expect them to rush through a digital dollar and trigger defaults, things will develop quickly so time to start paying attention for the 2021 flows now. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
3
NZDUSD Sell OpportunityNZDUSD just hit a 4hr order block before the week ended, there is two possible outcome that i have seen from the charts and i will share. 1. The pair could possibly rise to retest the trendline it recently broke out from and also retest the downward trendline which it fails to break above from, this means price will hit the 2Hr order block before pushing further to the downside. (this is highlighted using the red arrows) 2. The other possibility is that price will continue the fall to the next 4Hr order block after which it will test the previous one it broke out from before continuing the fall. (this is highlighted using the black arrows) Be mindful of the news coming this week.
Short
by Zakaria-Zaria
NZDUSD - FOREX - 08. JUNE. 2021Welcome to our weekly trade setup ( NZDUSD )! - 1 HOUR Bearish turnover in smaller tfs. 4 HOUR Overall bearish market structure with a strong pullback. DAILY Good short entries and price action. - FOREX SETUP SELL NZDUSD ENTRY LEVEL @ 0.72280 SL @ 0.72790 TP @ 0.71440 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
6
NZDUSD will break the support? 🦐NZDUSD on the 4h chart is testing once again the support at the 0.71350 area The price, after yesterday's bearish move, can bounce over it and make a new test before the break. According to Plancton's strategy if the market will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
5