NzdUsd towards 0.67 again?Exactly like its currency sister Aud, Nzd has held support and now is reversing.
That being said I expect NzdUsd to continue its rise and a break of 0.66 interim resistance could lead to further gains towards 0.67.
As long as 0.6520 is intact buy dips is my preferred scenario
Nzdusdidea
NZD/USD Is Going to Explode!At present, NZDUSD following a price channel pattern strategy. In the above chart, it has created three major parallel channels A , B , & C .
Pay attention to the parallel channel C. It is creating a new downtrend for a short period. Now, the New Zealand Dollar / U.S. Dollar can fall to the following levels:
Target Price 1: 0.67100
Target Price 2: 0.66936
Target Price 3: 0.66660
Short NZDUSDThere is the possibility that the first uptrend with the Ending Diagonal pattern ended in the range of 0.6797.By crossing the price range of 0.66011, the completion of the Ending Diagonal pattern is confirmed, we can hope the continuation of the downtrend extends up to the first target of 0.6380.
NZDUSD is trading in a tight rangeNZDUSD
The swing momentum was slowed and downward trend was resumed after reaching the September high 0.67880 it felled towards 0.66000 level.
The key support price also broken at 0.67416 which is a clear sign of bearish trend and now this pair is trading in a range.
We can short this pair and the potential take profit would be 0.66000 which is a 61.8% Fibonacci and key psychological level. Stop lose may place above the 0.67400 level.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
NzdUsd outlookAs I've said in my previous analysis, the false break above 0.67 zone marks a top for NzdUsd.
The pair dropped to 0.66 after this false break and now is correcting this move.
My opinion is unchanged from bearish in the medium term and I will look for opportunities to sell this pair for 0.6650 target
NZDUSD - sell biasedHi all traders,
For NU, im actually looking for more downside for this pair.
Reason being.
This pair have reach an important level.
Any attempt to touch the trend line, we should be looking for sell opportunity for now.
However, if the trend line is broken strongly , we might see it test the top level again and if fail, we should continue sell again.
The reason for it being sell biased is also mainly due to usd strength.
Of course if, USD strength does not appear. We should be looking for continuation upwards. But for now, im still sell biased until i see the top level is broken.
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NZDUSD-Wave 5 Wave B / 2 has ended in the range of 0.54691 which indicates we should wait for the uptrend. (If the initial 5 ascending waves forming)
We are currently in 5th wave of the first uptrend, which can be extended to the targets from 0.6830 to 0.6840. Then the downtrend resumption in direction of a corrective wave for this uptrend will begin.
NZDUSD local signal (SHORT)Hello friends.
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Everything on the chart.
open pos: market
targets: 0.656 - 0.654 - 0.652
after first target reached move ur stop to breakeven
stop: 0.6635 (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 4
Good luck
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NzdUsd outlookYesterday I've written that 0.65 is "the line in the sand" for NzdUsd and this support is becoming more and more strong with bears very reluctant around that area.
Now the pair is trading at 0.6555, very close of the recent range resistance and a break here would put bulls in advantage and would expose 0.6650 resistance.
NZDUSD*ENG*
- Price hitting our supportive zone, we are expecting a reversal from this area.
- If price breaks, look for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, estamos a aguardar uma possível reversão neste nível.
- Se o preço quebrar, aguardar pelo retest em ordem a entrar short.
NZD/USD expect going to uptrendNZD/USD foreign money pair closed the buying and selling week close to 0.6600. The pair is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development for NZD/USD. This buying and selling week, the pair is predicted to develop and take a look at the higher sure of Ichimoku Kinko Hyo close to the extent of 0.6730. Merchants ought to count on the pair's try and rebound and additional development with a goal close to 0.6815.
NZDUSD short set upNZDUSD is setting up for a good short soon. Will see how it reacts to the trend line for a possible triple tap to the bottom. If it breaks trend will wait for the double top, which aligns with the next key resistance level for an added confluence for my short idea. Pair will probably be ready by end of this week or next week.