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Nzdusdforecast

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
long at 0.6842 target 0.6895 and 0.6940 and morei am enter long right now at 0.6843 for targeting 0.6895 and 0.6940 even bad trade balance and new monetary policy i think it will be time to Nzdusd to get a great pullback he is much oversold in daily time frame he just touch a big weekly and monthly support entry at 0.6842 target in 2 step with 2 opening position target 1 = 0.6895 target 2= 0.6940 even a target 3 around 0.6970 who is the uptrend line since 2015 who he breakdown SL 0.6773
Long
by corsicasia
long at 0.6955 target 0.7055The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015 SO technically i see a rebound on this technical cluster/area i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed. i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter Long at 0.6950 target at 0.7055 gain 105 pips open two different position
Long
by corsicasia
6
NZDUSD : THE FORGOTTEN ONE?Hi traders, Our dear friend NZDUSD is now in our sight. This pair was in an uptrend for some time before breaking it to the downside. As you can clearly see the price went back to touch the bottom of the previous trend line before falling down yet again. The price is now battling in that order block. Since the bias is bearish at the moment, we waited for a retracement to previous FIB extension and the top of the order block to go SHORT on this pair. All other details are in the chart, go take a look! Here's my view : NZDUSD SHORT: ENTRY : 0.72124 SL : 0.72657 TP 1 : 0.70643 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Short
by ScottMescudiForex