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NZD-USD

NZD: Current sentiment driversLatest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. The central bank kept future rate cuts on the table but added that the domestic economy’s resilience implies no significant additional stimulus is currently required. November 3 – For Q4, the Unemployment Rate in New Zealand printed below consensus at 4.9% from 5.3% in Q3. Additionally, Employment Change printed at 0.6% versus market consensus of 0.0%. January 21 – Inflation for Q4 saw CPI Y/Y remain unchanged at 1.4% while CPI Q/Q printed at 0.5% from a prior of 0.7% Future sentiment shifts: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive. Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks. For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout). However, even then, NZD upside could become an uphill battle with many analysts arguing the currency is approaching overvalued levels. Primary drivers: Reserve Bank of New Zealand – New Zealand’s monetary policy outlook plays a key role in NZD’s fundamental outlook. A hawkish stance from the RBNZ and expectations for policy tightening will support NZD; while a dovish stance and expectations for policy easing will pressure NZD. Risk Tone – Due to its high beta status, NZD is strongly correlated with the overall risk tone; strengthening in risk on environments and weakening in risk off environments. Commodity Markets – NZD is indirectly correlated with commodity markets due to New Zealand’s dependence on China and Australia for trade. As both Australia’s and China’s economies influence and are influenced by the commodities complex, NZD tends to move in accordance with the commodities markets, but also with AUD.
by thunderpips
2
NZD - WEAK BULLISHThe primary drivers for NZD are its high-beta status and the RBNZ's monetary policy outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to see a further gradual improvement in the overall risk outlook and global economic outlook. However, regarding NZD's monetary policy outlook, optimism has diminished in recent sessions as new legislation by New Zealand's government to cool its housing market is expected to provide the RBNZ with more time before being forced to normalize policy. Consequently, market expectations for the timing of future rate hikes have been pushed back.
by thunderpips
2
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade. The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse. The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections. Do your best to find them in your trading!
Editors' picks
Education
by WicktatorFX
19
NZDUSD on a bear flag 🦐NZDUSD after our last analysis created a strong bearish impulse. The price after the bottom retraced for the test of the resistance inside a bear flag. According to Plancton's strategy if the price 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
4
NZDUSD Sell running - lets see how it play out. 😎🙏👍🏼Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
NZD: Current sentiment driversLatest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. The central bank kept future rate cuts on the table but added that the domestic economy’s resilience implies no significant additional stimulus is currently required. November 3 – For Q4, the Unemployment Rate in New Zealand printed below consensus at 4.9% from 5.3% in Q3. Additionally, Employment Change printed at 0.6% versus market consensus of 0.0%. January 21 – Inflation for Q4 saw CPI Y/Y remain unchanged at 1.4% while CPI Q/Q printed at 0.5% from a prior of 0.7% Future sentiment shifts: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive. Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks. For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout). However, even then, NZD upside could become an uphill battle with many analysts arguing the currency is approaching overvalued levels. Primary drivers: Reserve Bank of New Zealand – New Zealand’s monetary policy outlook plays a key role in NZD’s fundamental outlook. A hawkish stance from the RBNZ and expectations for policy tightening will support NZD; while a dovish stance and expectations for policy easing will pressure NZD. Risk Tone – Due to its high beta status, NZD is strongly correlated with the overall risk tone; strengthening in risk on environments and weakening in risk off environments. Commodity Markets – NZD is indirectly correlated with commodity markets due to New Zealand’s dependence on China and Australia for trade. As both Australia’s and China’s economies influence and are influenced by the commodities complex, NZD tends to move in accordance with the commodities markets, but also with AUD.
by thunderpips
NZD - WEAK BULLISHThe primary drivers for NZD are its high-beta status and the RBNZ's monetary policy outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to see a further gradual improvement in the overall risk outlook and global economic outlook. However, regarding NZD's monetary policy outlook, optimism has diminished in recent sessions as new legislation by New Zealand's government to cool its housing market is expected to provide the RBNZ with more time before being forced to normalize policy. Consequently, market expectations for the timing of future rate hikes have been pushed back.
by thunderpips
5
NZDUSD on a short move 🦐NZDUSD on the 4 h chart retraced to the 0.382 Fibonacci level of the previous leg. The price is testing an ascending trendline over a support and according to Plancton's strategy if the market will break below we can 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
4
💡Don't miss the great sell opportunity in NZDUSD Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (0.7270). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 30.48. Take Profits: TP1= @ 0.6940 TP2= @ 0.6775 TP3= @ 0.6615 TP4= @ 0.6385 TP5= @ 0.6240 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
💡Don't miss the great sell opportunity in NZDUSD 💡Don't miss the great sell opportunity in NZDUSD Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (0.7270). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 30.48. Take Profits: TP1= @ 0.6940 TP2= @ 0.6775 TP3= @ 0.6615 TP4= @ 0.6385 TP5= @ 0.6240 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
25
NZD/USD Bearish AnalysisGood morning traders, today we bring you our mid-term analysis on the NZD/USD pair, as we consider that it has bearish potential at least for the next few weeks. 🔸First of all, we must clarify that the main price trend is still bullish, since the succession of increasing highs and lows is intact, and the current movement for the moment is only a correction. 🔸This correction started at the moment when the price faced the resistance zone, and there was a strong supply zone there. 🔸From there, a corrective process began that broke with the Ascending Trendline. 🔸Now the bearish movement is being quite abrupt, and we consider that the next target is the Support zone at 0.66000, which is the previous low of the uptrend.
Short
by ThinkingAntsOk
NZD: Current sentiment driversLatest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. The central bank kept future rate cuts on the table but added that the domestic economy’s resilience implies no significant additional stimulus is currently required. November 3 – For Q4, the Unemployment Rate in New Zealand printed below consensus at 4.9% from 5.3% in Q3. Additionally, Employment Change printed at 0.6% versus market consensus of 0.0%. January 21 – Inflation for Q4 saw CPI Y/Y remain unchanged at 1.4% while CPI Q/Q printed at 0.5% from a prior of 0.7% Future sentiment shifts: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive. Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks. For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout). However, even then, NZD upside could become an uphill battle with many analysts arguing the currency is approaching overvalued levels. Primary drivers: Reserve Bank of New Zealand – New Zealand’s monetary policy outlook plays a key role in NZD’s fundamental outlook. A hawkish stance from the RBNZ and expectations for policy tightening will support NZD; while a dovish stance and expectations for policy easing will pressure NZD. Risk Tone – Due to its high beta status, NZD is strongly correlated with the overall risk tone; strengthening in risk on environments and weakening in risk off environments. Commodity Markets – NZD is indirectly correlated with commodity markets due to New Zealand’s dependence on China and Australia for trade. As both Australia’s and China’s economies influence and are influenced by the commodities complex, NZD tends to move in accordance with the commodities markets, but also with AUD.
by thunderpips
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade. The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse. The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections. Do your best to find them in your trading!
Education
by WicktatorFX
7