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NZD

NZDUSD intraday dips continue to attract buyers.NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 0.6150 will confirm the bullish momentum. The measured move target is 0.6175. We look to Buy at 0.6120 (stop at 0.6100) Our profit targets will be 0.6170 and 0.6175 Resistance: 0.6150 / 0.6170 / 0.6175 Support: 0.6125 / 0.6120 / 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.
Long
by OANDA
61.8% Fibonacci resistance ahead for the Kiwi?NZD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.6168 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6215 Why we like it: There is a pullback resistance level. Take profit: 0.6098 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
NZD/CAD: Capitalizing on RBNZ Stability and BoC DovishnessHello Traders, In the coming week, we are closely monitoring NZD/CAD for a potential buying opportunity around the 0.84090 zone. NZD/CAD is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 0.84090. This level has historically served as a significant pivot point for price action, making it an attractive entry point for long positions. From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a steady stance and is not looking to cut rates anytime soon. In contrast, the Bank of Canada (BoC) seems to be on pace to cut rates, given the easing inflationary pressures in Canada. This divergence in monetary policy favors the NZD over the CAD, adding strength to our bullish outlook on NZD/CAD. Additionally, the overall bullish sentiment in the stock market could further benefit NZD/CAD due to the positive correlation between risk-on environments and NZD strength. This confluence of technical and fundamental factors makes the 0.84090 zone a strategic area to look for buying opportunities in NZD/CAD. Trade safely, Joe
Short
by JoeChampion
11
Potential bullish rise?NZD/USD has just bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6048 There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance. Pivot: 0.6103 1st Support: 0.6048 1st Resistance: 0.6167 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential bullish bounce?NZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6046 Why we like it: There is a pullback support that likes up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
AUDNZD:RBNZ is outhawking RBAHello Traders, In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it a strategic entry point for potential short positions. From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a more hawkish stance compared to the Reserve Bank of Australia (RBA). The RBNZ has shown no intention of cutting rates in the near future, which contrasts with the RBA's more dovish outlook. This divergence in monetary policy is likely to exert downward pressure on AUD/NZD, reinforcing the bearish trend. Trade safely, Joe
Short
by JoeChampion
NZD/USD Set to Rise: Leveraging Soft CPI and Fed Rate Cut ImpactHello Traders, In today's trading session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61500 zone. Currently, NZD/USD is trading in an uptrend and is undergoing a correction phase. This correction is bringing the pair closer to the key support and resistance area at 0.61500, a level that has historically acted as a significant pivot point. From a fundamental perspective, yesterday's CPI data came in softer than expected. This indicates that inflationary pressures are not as strong as anticipated, suggesting a more subdued economic environment. Lower inflation reduces the urgency for aggressive monetary tightening, leading to market expectations of a more cautious approach from the Federal Reserve. In response to the softer CPI data, the Federal Reserve did cut interest rates in its latest FOMC meeting. This dovish move is expected to weigh heavily on the USD, as lower interest rates generally lead to a weaker currency. This scenario supports our bullish outlook on NZD/USD, as a weaker USD increases the attractiveness of the NZD. Given these fundamental developments, the 0.61500 zone presents a strategic entry point for long positions in NZD/USD. Trade safely, Joe
Long
by JoeChampion
2
AUDNZD Has bias for some more down side...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I find the long tailing candles of the last 2 weeks disturbing....but still bearish on this cross..watching for short opportunities! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
EURNZD intraday rallies continue to attract sellers.EURNZD - Intraday Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Offers ample risk/reward to sell at the market. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 1.7483. We look to Sell at 1.7482 (stop at 1.7532) Our profit targets will be 1.7362 and 1.7332 Resistance: 1.7465 / 1.7525 / 1.7560 Support: 1.7430 / 1.7392 / 1.7350 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
Sell NZDJPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 96.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.17 2nd Support – 95.82 Stop-Loss: To manage risk, place a stop-loss order above 97.20. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
NZD/USD: Takeaways into ThursdayNZDUSD – Technical Overview The overall pressure remains on the downside, with the market stalling on attempts to move up into the 0.6500 area. However, there are indications that the market may be attempting to establish a longer-term base. To alleviate medium-term downward pressure and support this prospect, a break back above 0.6500 is necessary. A monthly close below 0.5800 would intensify bearish price action. R2: 0.6222 – 12 June high – Strong R1: 0.6200 – Figure – Medium S1: 0.6083 – 22 May low – Medium S2: 0.6031 – 15 May low – Strong NZDUSD – Fundamental Overview The New Zealand Dollar has benefited from the risk-on sentiment following the latest soft CPI print from the US, which has renewed demand for risk-correlated assets. However, rallies have been hindered by more hawkish communications from the Fed. Key highlights on Thursday's calendar include German wholesale prices, Eurozone industrial production, US producer prices, US initial jobless claims, and some Fed speak. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Bearish drop?GBP/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2.07254 Why we like it: There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.08612 Why we like it: There is a pullback resistance level. Take profit: 2.06216 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Potential bullish rise?NZD/JPY has just broken out of the pivot and could rise to the 1st resistance which aligns with the 161.8% Fibonacci extension. Pivot: 96.75 1st Support: 96.13 1st Resistance: 97.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPNZD 1D MA50 rejection. Sell Signal.The GBPNZD pair recently made a Bearish Break-out as it broke below the Channel Up and the 1D MA200 (orange trend-line), introducing a new Channel Down pattern. On Monday we saw the latest rejection on the 1D MA50 (blue trend-line), which has been holding as Resistance since May 03. As long as it holds, we expect the new Bearish Leg to start. The previous one stopped after a -2.75% decline, which currently gives a price tag at a little below 2.0300. However we will use a more modest Target, aiming at 2.04000 (a little above Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Overlap resistance ahead, could it reverse?NZD/USD is rising towards a resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6169 Why we like it: There is an overlap resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.6215 Why we like it: There is a pullback resistance level. Take profit: 0.6091 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
1
Heading into an overlap resistance, could it reverse from here?NZD/CHF is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 0.55294 1st Support: 0.54666 1st Resistance: 0.55747 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
NZD/USD: Key Levels and Upcoming EventsHello Traders, In today's session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61000 zone. Currently, NZD/USD is in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 0.61000. Please be aware that tomorrow's trading will be influenced by significant events: the release of the CPI data and the FOMC meeting a few hours later. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially weakening the dollar. Trade safely, Joe
Long
by JoeChampion
1
Bullish rise?NZD/USD is falling towards a support level which is a pullback support and could potentially rise to our take profit. Entry: 0.61017 Why we like it: There is a pullback support level. Stop loss: 0.60474 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.61675 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
AUDNZD - Wait For The Next Bearish Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDNZD has been overall bearish , trading within the falling wedge in red. Currently, AUDNZD is undergoing a correction phase and it is currently approaching the upper bound of the wedge. Moreover, it is retesting strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the green supply zone and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #AUDNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2