Get started

Nzdusd4hrs

NZDUSD H4 Potential SetupAt the moment we have NZDUSD following a nice bullish channel, it has broken the daily trendline (dotted) however rejected a resistance level of 0.68961 . I will now be watching to see whether it continues to follow the bullish channel upwards if it falls to the trendline and rejects. If it does reject the trendline and remain bullish I can see it then breaking the resistance level that was earlier respected and continuing up. If not, it may break the channel and short to at least the 0.68300 level where it will meet a support which has previously held up. This evening we have four news releases coming out of New Zealand with regards to their trade balances and import / export numbers. Looking at the consensus of the releases it is a difficult one to be confident with, I will be waiting for either a move to the downside and a break of the channel or a rejection and upside movement to around the 0.69500 psychological level.
by JordanWillson
NZDUSD 4H Short opportunityHi there, The NZDUSD on the 4H chart might be opening an opportunity for us in the next 1-2 days. We can see a trendline to the upside and will now wait for a break of this trendline with a bearish candle (preferably a strong push). Some people might want to enter after the break, but I highly suggest to either be patient or to enter with a half position. I want to see a break of the blue rectangle, a strong flipzone. Once this has been broken, then this would seem like a shift in the momentum and a trade can be initiated. As always, be patient and stay disciplined.
Short
by FromForkToFingers
NZD/USD Mid and Long Term Map... in a nutshell we will see a 25bps hike tomorrow as widely expected (95% odds) ... this will add colour to the policy equilibrium with inflation and employment both on track in the U.S -> with that being said, this decline will focus less on the interpretation of the hikes, instead the details will be in balance sheet, the rhetoric will be important as we start to begin guidance towards a reduction announcement likely to come in Sept. Upward momentum in NZD remains scarce and the odds for a move above 0.74xx are not high, therefore, making NZD USD one of the best instruments to ride the change in expectations in the balance sheet for the coming Quarters ...
Short
by TheBanker
12
Sunday Thoughts on NZDUSDFrom the screenshot above you can see that the price has bounced off the minor support at 0.6980. I will be ideally looking for a rejection candle in the 4H chart. The opening is very important, so we need to wait and see the price action. The daily candle is similar to an inside bar (although not an exact inside bar) and has formed on a minor support, as well. I will be looking for a suitable entry, but it seems like a stop loss could be placed just under 0.6940. My first price target would be around 0.7100. My secondary price target would be at around 0.7150. A potential third price target is at the level of 0.7350.
Long
by colibritrader
NZDUSD 4-Hour Trend Line to Offer Selling OpportunityYesterday I mentioned the 0.7040/5 area on the NZDUSD. The idea was to watch for a session close (5 pm EST) below the area to confirm it’s holding as resistance. After jockeying back and forth for several hours, sellers made a final push that gave us a 0.7041 close. This is enough to keep the bearish pressure intact for now. For those still searching for a favorable selling opportunity, the 4-hour chart may offer a chance. The trend line that extends from the March 14th low is once again under pressure but appears to be holding on a 4-hour closing basis. We don’t have a confirmed setup just yet, but a close below the trend line followed by a retest as resistance could give us one. The next key support would come in at 0.6970 followed by the current 2017 low near 0.6890. At the moment buyers are having trouble getting any traction below the 0.7040 area. Also, the price action since the March 24th retest looks quite “heavy,” which is a concept I’ve written about previously. However, it’s important to stay patient and wait for a 4-hour close below the trend line. Until that happens, buyers still have a fighting chance, which is enough to keep me on the sideline.
Short
by Daily-Price-Action