NZD/USD price action: kiwi softens amid economic uncertaintyThe NZD/USD pair fell to 0.57592, reflecting significant pressure from the Reserve Bank of New Zealand's (RBNZ) ongoing monetary easing strategy, which includes recent interest rate cuts and the potential for further reductions in 2025. This easing is meant to stimulate New Zealand's economic activity by boosting consumer spending and investment. However, the growing divergence between New Zealand's and the U.S.'s monetary policies could lead to additional depreciation of the kiwi. The Federal Reserve's consideration of interest rate hikes, amid rising U.S. inflation expectations, strengthens the U.S. dollar, potentially attracting global investors seeking better returns and causing capital outflows from New Zealand. These factors could further pressure the NZD. Meanwhile, China's upcoming economic stimuli, expected to be announced at the annual Politburo conference, could positively impact the kiwi due to New Zealand's strong trade ties with China. Additionally, upcoming U.S. inflation data will likely influence market expectations regarding future Fed actions, which could further shape NZD/USD dynamics. Traders should prepare for volatility in the NZD/USD pair as these global economic developments unfold.
NZDUSD
NZDUSD Sellers In Panic! BUY!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.5797 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5839
Recommended Stop Loss - 0.5776
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
Kiwi H4 | Swing-high resistance at 61.8% FiboThe Kiwi (NZD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5884 which is a swing-high resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.5940 which is a level that sits above a multi-swing-high resistance.
Take profit is at 0.5807 which is a swing-low support.
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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. 64% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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
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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.
NZD/USD: Bulls Reloading at Demand ZonesOn the NZD/USD chart, price has reached a critical juncture near two strong demand zones (highlighted in purple).
These zones represent areas where institutional buyers could step in, given their historical significance.
The recent sell-off appears to have grabbed liquidity below local lows (red dotted lines), setting the stage for a potential bullish reversal.
If price reacts strongly within these zones, we could see a recovery targeting liquidity above the highs marked at 0.5865 and beyond.
The plan involves waiting for bullish confirmations such as higher highs or engulfing patterns to enter long positions, with stops placed below the lower demand zone for protection.
Initial targets focus on taking profits at key liquidity levels, while the overall bias remains bullish as long as the demand zones hold. Patience is key to trading this setup successfully.
NZDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.58600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58600 support and resistance area.
Trade safe, Joe.
NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the NZD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.586.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59400 support and resistance area.
Trade safe, Joe.
EURNZD H4 Smart Money Outlook LONG/SHORT +220/+360🔸Hello traders, let's review the 4hour chart for EURNZD today.
All previous setups hit TP, congrats if you followed.
🔸Right now EURNZD trading at 7830, expecting further losses
until we trigger 4 hour BB zone at/near 7700. Retrace incoming
to trigger overhead 4 hour OB zone at/near 7920.
🔸Bulls will setup a bear trap after break of structure / break of
last weekly low, then expecting reversal to trigger fresh overhead
liquidity before the pullback/correction resumes.
🔸Recommended strategy for EURNZD: LONG/SHORT sequence,
LONG at/near H4 BB 7700 SL 7660 TP 7920 +220 pips, part two
of the sequence short from H4 OB at/neat 7920 SL 7960 TP is
7560 bullish H4 heavy order block, for reference see price chart.
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Bearish drop?The kiwi (NZD/USD) has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 0.5869
1st Support: 0.5815
1st Resistance: 0.5922
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.
NZDUSD Will Move Higher! Buy!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.584.
Considering the today's price action, probabilities will be high to see a movement to 0.603.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Market Analysis: NZD/USD Under Pressure, Downtrend PersistsMarket Analysis: NZD/USD Under Pressure, Downtrend Persists
NZD/USD is also moving lower and might struggle to recover above 0.5900.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.5930 resistance zone.
- There was a break below a short-term contracting triangle with support at 0.5865 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.5930 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5900 against the US Dollar.
The pair settled below the 0.5880 level and the 50-hour simple moving average. Besides, there was a break below a short-term contracting triangle with support at 0.5865.
Finally, it tested the 0.5830 zone and is currently consolidating losses. Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.5904 swing high to the 0.5831 low at 0.5840.
The next resistance is the 0.5865 level or the 50% Fib retracement level of the downward move from the 0.5904 swing high to the 0.5831 low. If there is a move above 0.5865, the pair could rise toward 0.5905.
Any more gains might open the doors for a move toward the 0.5930 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5830 level.
The next major support is near the 0.5800 zone. If there is a downside break below 0.5800, the pair could extend its decline toward the 0.5765 level. The next key support is near 0.5740.
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.
NZDUSDNZDUSD Daily Chart The price is in a correction phase. Now the price is near the support zone 0.58441-0.58052. If the price cannot break through the 0.58052 level, it is expected that there is a chance that the price will rebound. Consider buying the red zone.
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Heading into 50% Fibonacci resistance?The Kiwi (NZD/USD) is falling towards the pivot which is an overlap resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 0.5866
1st Support: 0.5820
1st Resistance: 0.5908
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.
NZDUSD D1 | Falling from 50% Fibo?Based on the D1 chart analysis, we can see that the price is rising toward our sell entry at 0.5938, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.5849, a swing low support level.
The stop loss will be at 0.6027, an overlap 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. 64% 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. 66% 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.
NZDUSD to find sellers at current resistance?NZDUSD - 24h expiry
The medium term bias remains bearish.
The rally has posted a correction count on the daily chart.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.5900.
We look to Sell at 0.5905 (stop at 0.5929)
Our profit targets will be 0.5845 and 0.5830
Resistance: 0.5890 / 0.5920 / 0.5940
Support: 0.5840 / 0.5820 / 0.5800
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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.
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Bearish drop off 78.6% Fibonacci resistance?The Kiwi (NZD/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the pullback support.
Pivot: 0.5984
1st Support: 0.5832
1st Resistance: 0.6062
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.
NZDUSD break of daily structure .. the week of 02/12/2024A break of structure on the daily chart is a pretty big deal and we see that the kiwi has done that breaking to the upside. After being bearish for the past 2 months, NZDUSD is now bullish.
Looking for an entry on the H4 chart, I like to take a fib of the last bullish move and have marked a zone (green) between the 50-61.8% retracement. If I see evidence of bullish price action here, I will be interested in taking a long entry. Stop will be below the recent swing low and will aim for the next resistance at 0.6000.
This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
NZDUSD - The uptrend of the dollar is over?!The NZDUSD currency pair is located between the EMA200 and EMA50 in the 4H timeframe. In case of a downward correction, we can see the demand zones and buy within that zones with the appropriate risk reward.
Although Trump has announced plans to impose tariffs on Canada, Mexico, and several other countries, closer analysis suggests that these measures are more related to addressing issues like migration and drug trafficking than economic policies. Therefore, these actions are not considered a serious threat to international trade and may be interpreted differently by the markets.
The appointment of Scott Bassant, a seasoned expert in currency markets and hedge funds, as the head of the economic team under President-elect Trump, has brought greater confidence to the markets. Bassant, who leans towards boosting the stock market, is likely to pursue more moderate policies, including reducing reliance on tariffs.
One of Bassant’s proposed approaches involves using a weaker dollar instead of trade wars and tariffs to achieve economic goals such as increasing domestic production, improving trade balance, and strengthening the stock market. If international agreements, particularly with China, are reached, this strategy could put additional pressure on the dollar.
Conway, Chief Economist of the Reserve Bank of New Zealand, has stated that Trump’s policies are currently viewed as a medium-term risk to inflation and economic volatility. Moreover, forecasts have not yet accounted for potential U.S. tariffs. Conway has also predicted that house prices in New Zealand will rise by 6.8% next year. While he does not expect a significant boom in housing prices, he anticipates a modest revival in the real estate market.
Meanwhile, Silk of the Reserve Bank of New Zealand has announced that for February, a rate cut of 25 or 50 basis points is under consideration. During this week’s meeting, all options were reviewed, but the committee quickly reached consensus on a 50-basis-point cut. He clarified that a reduction beyond this level was deemed unnecessary as there remains a need to focus on controlling domestic inflation.
Could the Kiwi reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as an overlap support.
Pivot: 0.5937
1st Support: 0.5878
1st Resistance: 0.5974
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.
NZDUSD A Fall Expected! SELL!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.5888 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5850
Recommended Stop Loss - 0.5909
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
NZDUSD Potential Up correction from crossing of supportsNZDUSD recently showed a false breakout below its previous support and has reached a demand zone on the daily timeframe, suggesting a potential pullback. On the 4H chart, bullish divergence at the support level supports the likelihood of a retracement. The price may move higher to retest the resistance zone around 0.5880, which has been tested multiple times. This setup indicates a potential for a short-term recovery
NZD/USD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on NZD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.579.
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