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NZDUSD

New Zealand dollar sinks after RBNZ cuts by 50 bpsThe New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6079 in the European session, down 0.96% on the day. The Reserve Bank of New Zealand lowered the cash rate by 50 basis points on Wednesday to 4.75%. The RBNZ cut rates by 25-bps in August, the first rate cut in over four years. The jumbo rate cut had been priced in by the markets but the dramatic move has sent the New Zealand dollar sharply lower. The rate statement noted that inflation was within the target range and was “converging on the 2% midpoint”. This is a remarkable turnaround by the central bank, which only a few months ago was warning that inflation was too high and could force the Bank to raise rates. The RBNZ had projected that initial rate cut would not occur before mid-2025 but has moved up the timetable in dramatic fashion. The decision to cut rates by 50 bps is not surprising, given that inflation has been falling and GDP contracted in the second quarter. New Zealand releases the quarterly inflation report next week and if inflation is within expectations, it could set up another rate cut at the November meeting. The RBNZ would like to continue trimming rates but the sharp decline of the New Zealand dollar is a concern. The New Zealand dollar has plunged 4.25% in October and has slipped to a seven-week low. Today’s oversized cut sent the kiwi sharply lower and further cuts will add downward pressure on the currency. NZD/USD has pushed below several support levels and is testing support at 0.6079. Below, there is a monthly support level at 0.5995 There is resistance at 0.6131 and 0.6153
by OANDA
NZDUSD: Broke under both MAs. Strong sell signalNZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term reboudn back to the 1D MA50 but on the long term we are bearish (TP = 0.58600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
NZD/USD Giving An Amazing Bearish P.A , Short After D Closure ?we have a very good bearish price action but we need a daily closure below our daily support and if we have a closure below we will sell it when the price back to retest the broken support and we will targeting the old buying area and we will buy again from there . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
2
Market Analysis: NZD/USD Take Hit, Turn RedMarket Analysis: NZD/USD Take Hit, Turn Red NZD/USD is also moving lower and might struggle to recover above 0.6225. Important Takeaways for NZD/USD Analysis Today - NZD/USD declined steadily from the 0.6380 resistance zone. - There is a key bearish trend line forming with resistance at 0.6145 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 0.6380 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6265 against the US Dollar. The pair settled below the 0.6150 level and the 50-hour simple moving average. Finally, it tested the 0.6075 zone and is currently consolidating losses. Immediate resistance on the upside is near 0.6145. There is also a key bearish trend line forming with resistance at 0.6145 and the 23.6% Fib retracement level of the downward move from the 0.6378 swing high to the 0.6074 low. The next resistance is the 0.6225 level. The 50% Fib retracement level of the downward move from the 0.6378 swing high to the 0.6074 low is also at 0.6225. If there is a move above 0.6225, the pair could rise toward 0.6265. Any more gains might open the doors for a move toward the 0.6380 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.6075 level. The next major support is near the 0.6040 zone. If there is a downside break below 0.6040, the pair could extend its decline toward the 0.6020 level. The next key support is near 0.6000. 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
1
Breaking: NZD Slips as RBNZ Cuts Rates by 50 bpsAt its October meeting, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points, lowering it from 5.25% to 4.75%, in line with expectations. The NZD/USD pair deepens its decline, falling below the crucial 100 AND 200-day Exponential Moving Average (EMA). A clear break could set the stage for a move toward the psychological 0.6000 level. Looking ahead, traders will focus on the Federal Open Market Committee (FOMC) Minutes, set for release later on Wednesday.
by BlackBull_Markets
NZD/USD - RBNZ poised to cut, but by how much?The New Zealand dollar is down for a sixth straight day and has fallen 3.6% during that time. NZD has stabilized on Tuesday and is trading at 0.6120 in the North American session, down 0.07% on the day. The Reserve Bank of New Zealand meets on Wednesday and is widely expected to a cut rates, but by how much? The markets have priced in an oversize rate cut of 50 basis points, but a modest cut of 25 bps cannot be ruled out. The RBNZ joined the rate-cutting club of major central banks in August after holding rates for over a year. The August cut which brought the cash rate down to 5.25%, marked the first rate cut in over four years. That move surprised the markets as the central bank had projected its first rate cut would not take place until mid-2025. Why would the RBNZ slash by 50 bps? Elevated interest rates have weighed on economic activity and GDP contracted by 0.2% in the second quarter. Inflation eased to 3.3% in the second quarter, closer to the RBNZ’s upper band of the 1-3% target range. The RBNZ’s latest projections have inflation falling to 2.3% in Q3. The inflation report won’t be released until next week and if the RBNZ chops rates by 50 bps and inflation is higher than the RBNZ estimate, it will put the central bank in an awkward position. Another factor which supports a 50-bps cut is that the Federal Reserve lowered rates by 50 bps in September, which allows the RBNZ to do the same without risking a sharp decline in the value of the New Zealand dollar. NZD/USD is testing resistance at 0.6137 and 0.6161 There is support at 0.6100 and 0.6076
by OANDA
Will NZD/USD Extend Losses? Traders Await RBNZ’s Interest RateThe NZD/USD pair continues its downward trend, turning lower for the sixth straight day as traders react to the less-than-optimistic Chinese economic outlook. As China remains New Zealand's largest trading partner, any signs of economic slowdown in China tend to have a significant impact on the New Zealand Dollar (NZD). Focus on RBNZ Interest Rate Decision Looking ahead, the Reserve Bank of New Zealand (RBNZ) is set to announce its interest rate decision following its scheduled policy meeting. If the RBNZ adopts a hawkish stance due to rising inflationary pressures, it is likely to raise the Official Cash Rate (OCR). A rate hike would typically attract more capital inflows, providing support to the NZD. Conversely, if the central bank takes a more dovish approach by lowering the OCR in response to lower inflation, the NZD could weaken further. The RBNZ’s decision will play a crucial role in determining the short-term direction of NZD/USD. Higher rates generally boost a currency, while lower rates tend to weaken it as investors seek higher returns elsewhere. Technical Outlook: Bearish Momentum Remains In our previous forecast, which you can review here: NZD/USD Slips as Fed Powell Hints at Gradual Rate Cuts, we closed a bearish position from a supply area after successfully capturing downside movement. The current price action suggests another potential bearish impulse, particularly around the 0.60500 level. In a worst-case scenario for the NZD, the price could drop further to 0.58750, another key demand area based on historical support. However, we view this deeper decline as less likely at the moment, given that market sentiment may shift based on the RBNZ's upcoming decision. Waiting for a Bullish Setup Currently, we have no open position on NZD/USD, as we wait for the pair to reach a demand area before considering a potential bullish trade. The demand zone around 0.60500 is a critical level to watch for any signs of reversal, but we remain cautious and are monitoring upcoming economic events closely. Conclusion As the NZD/USD pair continues to slide, all eyes are on the RBNZ and its interest rate decision. Traders should remain vigilant, as a hawkish move could trigger a rebound in the New Zealand Dollar, while dovish policies may deepen the pair's decline. For now, we are on the sidelines, awaiting a clearer opportunity to enter the market. ✅ 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.
by FOREXN1
1
NZDUSD to continue in the selloff?NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6120 will confirm the bearish momentum. The measured move target is 0.6090. We look to Sell at 0.6160 (stop at 0.6184) Our profit targets will be 0.6100 and 0.6090 Resistance: 0.6150 / 0.6160 / 0.6175 Support: 0.6120 / 0.6100 / 0.6090 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
2
NZD Sinking as RBNZ Preps 50bps Cut The Reserve Bank of New Zealand (RBNZ) is widely expected to slash the Official Cash Rate by 50 basis points this Wednesday, a move that's adding pressure on the New Zealand dollar. A Reuters survey of 28 economists reveals that 60% anticipate the central bank will deliver a half-point cut, while market pricing suggests near-certainty of such a decision. Major banks—ANZ, ASB, BNZ, Kiwibank, and Westpac—are all forecasting a similar outcome. The kiwi has fallen to $0.611, down 3.33% since last Monday, extending its decline into a key technical zone, marked by the 50-, 100-, and 200-day moving averages, as well as the 50% retracement level from the July rally. Meanwhile, escalating tensions in the Middle East are further driving investors into the safe-haven U.S. dollar.
by BlackBull_Markets
NZDUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone NZDUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
7
How Much More Longer BearishOn this pair, we find that on the weekly timeframe, the market is Bullish. Price even went all the way up towards our liquidity target but failed to close above it. We are currently witnessing another pullback. On the Daily, price is bullish. We have seen prices currently retrace into the daily zone. But there is a lot of speculation as to whether or not this our refined daily reversal zone has what it takes to invite the bulls of demand to hold prices at that level and drive it back up. Now my Analysis: As much as I would want the daily zone to hold, as this is the fastest way for us to find a LONG trading opportunity, jumping on the rally towards the confluence weekly/daily liquidity targets. But I have a bit of reservation on this. This is because of the force with which prices have come into the daily reversal zone. Prices have come into the zone with a strong push, and not the usual gentle slide in expected of a reversal zone. Dont get me wrong, I am not concluding that the zone will fail, but rather I am saying that instead of the initial 70% chance I had of the zone holding, I now have a 40% chance of it holding because of price action. In the event that the zone holds, we will expect to see the rally resume with prices gravitating towards our liquidity target above; and we will excitedly pull out out panzy pips trading system and jump on the trade. But what happens if the zone fails..? Where this is the case, we will look to see prices deep further towards the Weekly zone below. From where we will look to see some bullish reversal and again place our trade setup right beside price and stand ready to trade. In all of these, we do not and cannot completely rule out the possibility of catching some bearish trades where the daily zone is breached and price dips towards the Weekly zone. Share your thoughts guys and let us see your perspective on the market
Long
by PanzyPips
Potential bullish rise off overlap support?NZD/USD is reacting off the support level which is an overlap support and could rise from this level top our take profit. Entry: 0.6156 Why we like it: There is an overlap support level. Stop loss: 0.6122 Why we like it: There is a pullback support level. Take profit: 0.6207 Why we like it: There is a pullback resistance that is slightly above the 23.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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
4
NZDUSD Bullish Week**NZD Dollar Value Correlation to USD >We are now in the Oversold region Signaling for a bullish trend week. Note: Every time we get Oversold Readings (Green Vertical Lines) we always get a Bullish Move **Election Year Seasonality forecast >Bullish until early next Week. Technicals: >Price already tested the Daily Supply Zone last Friday, preparing for a Bullish Week ahead. >Price could reach to the opposing Supply Zone that initiated the bearish imbalance. OTHERS: >Scalpers can ride the bullish trending week >Long term traders can position for a Sell for next week or position a Long trade at Supply for a retest. ***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
CME:6N1!Long
by TradersPod
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 this 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 :-)
Short
by ShahedZare
1
NZDUSD Is Very Bullish! Long! Take a look at our analysis for NZDUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.615. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.626 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3