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NZDUSD

NZD/USD: Traders Eye Short Setup After Key ReboundThe NZD/USD pair saw a strong recovery from its intraday low of 0.6170 during Wednesday’s New York session. The New Zealand Dollar (NZD) regained some ground as the US Dollar (USD) struggled to maintain its upward momentum, having recently corrected from a fresh two-week high. Investors are now eagerly awaiting the release of the US Nonfarm Payrolls (NFP) report, the highlight of a data-heavy week for the US economy. From a technical standpoint, the price had already rebounded from a key Supply area, and after today's short recovery, traders may find an opportunity for a potential short setup. This pullback could be seen as a chance to enter the market by setting a Sell Limit order or entering directly to take advantage of the correction. The Commitment of Traders (COT) report reveals that retail traders are increasingly aggressive on the long side, while Smart Money appears to be reducing its positions, signaling a possible bearish trend. Additionally, seasonality data further hints at the potential for a bearish move in the near future. With several factors aligning, traders may be preparing for a potential downside in the NZD/USD pair, making this pullback an attractive opportunity for short positions. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
WEEKLY FOREX FORECAST SEPT 2-6 : USD EUR GBP AUD NZD CAD CHF JPYThis is Part 1 of the Weekly Forex Forecast for SEPT 2-6th. In this video, we will cover: USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6C1!
by RT_Money
1
NZD/USD sets stage for next up moveThe US dollar continues to fall across the board, especially against haven currencies like the Japanese yen. But it is also weaker against the more high beta currencies too, despite the ongoing struggles in the stock markets. The NZD/USD stands ready to benefit from the weakening US dollar, especially in the event we see calm return to stocks. The NZD/USD has been in consolidation mode for the past few days, declining inside what looks like a falling wedge continuation pattern. The kiwi surged last month after a false break reversal pattern was formed around the 0.5860 level (see chart). After hitting a high of just under 0.6300, it has dropped a bit to test - and so far hold - prior resistance at 0.6170 (see red arrows on the chart). This level has now turned into support. If we can now take out the pivotal 0.6218/20 level, then more gains could be on the way, initially targeting the liquidity now resting above the most recent high at 0.6300 area.   So far this week, we have had two disappointing employment indicators from the US, namely JOLTS job openings and now ADP private sector payrolls (rising by just 99K instead of 144K expected and prior number was revised lower too). From here, a substantial further decline in the US dollar would require further bearish US economic data this week. Friday's payrolls report is key in this regard. But any data-driven upside should be limited given the Fed’s clear signal that it will cut rates. Put simply, weakness in US data is needed to keep the pressure on the US dollar, while the upside for the greenback should be limited on any data surprises because of the Fed’s strong indications that rate cuts are starting this month. This makes me bearish on the dollar and therefore bullish on major currency pairs like the NZD/USD. By Fawad Razaqzada, market analyst at FOREX.com
Long
by FOREXcom
NZDUSD Strong sell opportunity.The NZDUSD pair gave us last time (June 26, see chart below) a solid sell signal, even though the Target just fell short of being hit: The price is giving yet again a sell signal as not only it fulfilled the 0.786 Fibonacci retracement level and got rejected but also the 1D RSI hit and got rejected exactly on the 70.00 overbought barrier, which is where all tops since late 2022 have been priced. As a result, we expect the pair to initially hit at least 0.6000 towards the end of this month. ------------------------------------------------------------------------------- ** 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
NZD/USD "KIWI" Bank Money Heist Plan on Bearish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist NZD/USD "KIWI" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 1H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
NZDUSD Will Explode! BUY! My dear friends, NZDUSD looks like it will make a good move, and here are the details: The market is trading on 0.6188 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6238 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
Levels discussed on Livestream 3rd September3rd September DXY: Still in consolidation. Watch the resistance at 102 round number. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15 NZDUSD: Sell 0.6205 SL 20 TP 60 AUDUSD: Retracing, could retest 0.68 resistance level GBPUSD: Buy 1.3170 SL 40 TP 90 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Sell 145.70 SL 250 TP 80 USDCHF: Could trade higher, look for reaction at resistance level USDCAD: Could trade lower, look for reaction at support 1.3440 Gold: Choppy price action, until 2508, beyond that, could trade up to 2520
TVC:DXY
by JinDao_Tai
Happy Labour Day!2nd September DXY: Within the bullish channel, (upside) could trade up to 102 resistance, needs to break 101.80. Downside only if price breaks below 101.50 (23.6%) NZDUSD: look for reaction at 0.6220, Sell 0.62 SL 25 TP 60 AUDUSD: Buy 0.6810 SL 20 TP 40 GBPUSD: Sell 1.31 SL 40 TP 65 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Look for reaction at 147 resistance level USDCHF: Sell 0.8460 SL 20 TP 55 USDCAD: Buy 1.3525 SL 20 TP 70 Gold: Break above 2500 to trade up to 2515 and 2530, needs to stay above 2480
TVC:DXY
by JinDao_Tai
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
Unlock 12 Money-Making Trades in Just 15 Minutes 2-6Sepa Day! Join me live at 10:30 PM (SGT) for a 30-minute session revealing 12 hot trading opportunities across 12 currency pairs. Discover how busy professionals like you can earn extra income by dedicating just 15 minutes a day. Learn how to set smart alerts and only take action when needed—no more endless screen time! 🔔 Don't forget to hit the Follow button so you don't miss out! - Hit the follow button and turn on the notification bell so you don’t miss any future trading opportunities! -If you're finding these insights helpful, give this video a like and share it with someone who needs to know how to earn extra income with 15mins a day!
by RaynLim
NZD Approaches Key Supply Zone: A Potential Short OpportunityThe New Zealand dollar is approaching a critical supply area that has captured our attention, signaling a potential opportunity to set up a short position. This zone is key, and we are closely monitoring for a possible test of this area to confirm our bearish setup. However, it's important to note that the price may reverse before reaching this point of interest, as other correlated currencies against the U.S. Dollar (DXY) have already begun to show signs of reversal. This correlation between the New Zealand dollar and other currencies in relation to the U.S. Dollar strengthens the likelihood of a potential downturn before our targeted area is tested. As the DXY starts to gain momentum, the pressure on the New Zealand dollar could increase, leading to an earlier-than-expected reversal. Given these market dynamics, we are prepared to act quickly should the price show signs of turning before reaching our anticipated level. This situation highlights the importance of flexibility and vigilance in our trading strategy, as the interplay between correlated currencies can often signal shifts in market direction. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6N1!Short
by FOREXN1
1
NZD/USD powering higher as business confidence, milk prices surg- NZD/USD hits highs not seen since early January - Latest leg higher fueled by big improvement in New Zealand business confidence - Kiwi likely to outperform as long as traders continue to see a soft US economic landing About the only thing rising as fast as dairy prices is New Zealand business confidence right now, and both are beneficial for NZD/USD which has surged to seven-month highs. Who said Kiwis can’t fly? Kiwi flying on dairy strength, soaring business confidence As covered in a separate note last week, NZD/USD has been a major benefactor of recent US dollar weakness, not only enjoying tailwinds from narrowing interest rate differentials but also soaring dairy prices. You can now add bullish New Zealand business confidence to the growing list of Kiwi tailwinds. The confidence measure in the ANZ Bank New Zealand Business Outlook survey surged to a decade-high in August, surging 23 points to +51. Expectations for own activity also bounced, hitting fresh seven-year highs. The bounce in optimism followed the Reserve Bank of New Zealand’s (RBNZ) first interest rate cut of the cycle earlier in the month, with the bank signalling a further 100 basis points of easing by the middle of next year. “Things are definitely looking up, albeit from a pretty dark place for many firms,” ANZ’s economics team wrote. “It wasn’t the Reserve Bank’s cut to the Official Cash Rate (OCR) that kicked off the lift – we saw an increase across much of the survey already in July, and the further large jump in August was already evident when the survey first opened at the very beginning of the month. The table below from ANZ details just how impressive the improvement in the surveys internal components was during the month. NZD/USD remains a buy-on-dips play Having chopped back and forth through former resistance at .6218 earlier this week, the data has seen the Kiwi rocket higher in Asian trade on Thursday, hitting levels not seen since early January, breaking through another layer of resistance at .6277 in the process. The question now is whether it can hold there? RSI (14) and MACD continue to provide bullish signals on the daily timeframe, although the former is now bordering on overbought territory. Even so, the inclination remains to buy dips rather than sell rallies in the near-term. With nothing else on the New Zealand calendar this week, the biggest threat to the bullish trend arguably comes from incoming US labour market data which has been highly influential on Fed interest rate pricing over recent months, placing emphasis on initial jobless claims that will be released later in the session. For a cyclical currency like the Kiwi, mild weakness screens as bullish. So too mild strength as both would allow the Fed to begin cutting rates without sparking fears of an impending recession. But if the data were to weaken dramatically, that would be problematic given the Kiwi comes across as a high beta play on the global economy. If the US were to fall into recession, narrowing interest rate differentials would be more than overridden by fears of weaker demand, hammering risker cyclical plays as a consequence. However, such an outcome screens as unlikely on this occasion, potentially opening the door for the Kiwi to keep rising. My preference would be to see how the data prints before entering positions. If the price pushes above .6277, you could buy with a stop below the level for protection. .63695 is one potential target. Alternatively, if it can’t hold .6277, you could sell with a stop above the level for protection targeting a pullback to either .6218 or .6150. -- Written by David Scutt
Long
by WHSelfInvest
Market Analysis: NZD/USD Regain StrengthMarket Analysis: NZD/USD Regain Strength NZD/USD is showing positive signs and might attempt a fresh increase above 0.6275. Important Takeaways for NZD USD Analysis Today - NZD/USD is correcting gains from the 0.6300 zone. - There is a major bullish trend line forming with support at 0.6255 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.6140 zone. The New Zealand Dollar broke the 0.6200 resistance to start the recent increase against the US Dollar. The pair settled above 0.6235 and the 50-hour simple moving average. It tested the 0.6300 zone and is currently correcting gains. The pair corrected lower below the 0.6275 level. The pair also traded below the 23.6% Fib retracement level of the upward wave from the 0.6194 swing low to the 0.6298 high. The NZD/USD chart suggests that the RSI is now below 50. On the downside, there is major support forming near 0.6255 and a trend line. The next major support is near the 61.8% Fib retracement level of the upward wave from the 0.6194 swing low to the 0.6298 high at 0.6235. If there is a downside break below the 0.6235 support, the pair might slide toward the 0.6195 support. Any more losses could lead NZD/USD in a bearish zone to 0.6160. On the upside, the pair might struggle near 0.6275. The next major resistance is near the 0.6300 level. A clear move above the 0.6300 level might even push the pair toward the 0.6340 level. Any more gains might clear the path for a move toward the 0.6400 resistance zone in the coming days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
NZDUSD M30 I Bearish Reversal Based on the M30 chart analysis, we can see that the price is rising toward our sell entry at 0.6272, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6250, an overlap support level. The stop loss will be at 0.6299, a swing high resistance level. 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. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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. Stratos Trading 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 Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. 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.
Short
by FXCM