NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week.
For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 50 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much.
- Thus, COMMODITIES are selling quite fast. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until 0.6550 LEVEL..
Before that, you can SELL at 0.6246 LEVEL.
Nzdusdlong
NZD/USD to remain bid ahead of tomorrow's RBNZ meeting?There are a growing number of calls for the RBNZ to deliver a hawkish 25bp hike tomorrow, due to the government's 'inflationary' budget delivered last week.
This could also potentially result in the RBNZ upgrading their terminal rate in their quarterly forecasts.
NZDUSD is consolidating on the 4-hour chart, having found support above the 200-day EMA. RSI (14) is above 50 and confirming the initial stages of this assumed trend, and OBV (on balance volume) has broken to new cycle highs to suggest underlying bullish pressure.
We've identified around the monthly R1 pivot ~0.6340 for an initial upside target, and the near-term bias remains bullish above the 200-day EMA.
NZDUSD to find buyers at previous resistance?NZDUSD - 24h expiry
Previous support located at 0.6275.
Previous resistance located at 0.6300.
The trend of higher lows is located at 0.6190.
Further upside is expected.
A move through 0.6300 will confirm the bullish momentum.
We look to Buy at 0.6255 (stop at 0.6230)
Our profit targets will be 0.6315 and 0.6325
Resistance: 0.6300 / 0.6310 / 0.6325
Support: 0.6275 / 0.6250 / 0.6225
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.
NZDUSD to find buyers at current swing low?NZDUSD - 24h expiry
Previous support located at 0.6225.
Previous resistance located at 0.6250.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6250 will confirm the bullish momentum.
We look to Buy at 0.6190 (stop at 0.6160)
Our profit targets will be 0.6265 and 0.6285
Resistance: 0.6250 / 0.6260 / 0.6275
Support: 0.6225 / 0.6200 / 0.6175
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.
NZDUSD showing upside with the new Cup and Handle Cup and Handle potential is forming on the NZDUSD
The price action hasn't been great as there have been little price movements and not a strong trend.
This is definitely a Medium Probability type trade as nor the buyers nor the sellers know which direction NZD is heading.
Price<200 - Bearish
7=21 = changing
RSI>50
Higher low
Target 0.7695
NZDUSD BUYWelcome . The New Zealand dollar pair is in a positive position. The pair is trying to form a head and shoulders pattern. It is a very strong model. This is just a proactive view of the market. and long term business.Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As I expected in my previous analysis, price made the retracement and filled the imbalance, now I expect a rejection from bearish order block + institutional big figure 0.63000, as we are in a premium zone.
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NZDUSD to find support at previous resistance?NZDUSD - 24h expiry - We look to Buy at 0.6205 (stop at 0.6176)
Previous support located at 0.6200.
Previous resistance located at 0.6250.
Price action looks to be forming a bottom.
The trend of higher lows is located at 0.6100.
A move through 0.6250 will confirm the bullish momentum.
Our profit targets will be 0.6278 and 0.6298
Resistance: 0.6250 / 0.6275 / 0.6300
Support: 0.6225 / 0.6200 / 0.6175
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Has NZDUSD formed a swing low?NZDUSD - 24h expiry -
Previous support located at 0.6150.
Previous resistance located at 0.6175.
Price action looks to be forming a bottom.
Short term momentum is bullish.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6175 will confirm the bullish momentum.
We look to Buy at 0.6145 (stop at 0.6105)
Our profit targets will be 0.6245 and 0.6265
Resistance: 0.6170 / 0.6200 / 0.6225
Support: 0.6150 / 0.6125 / 0.6100
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.
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective after the price changed the character, so I am looking for shorts from premium zone. If price fills the imbalances higher and reject from bearish order block I will consider to open a short position.
Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA and on Wednesday will be released Unemployment Rate on NZD. Pay attention to these news, as they are important for the upcoming month and USD bias.
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NZDUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: We can see here that price changed the character and started to form lower highs and lower lows, so I am looking for shorts. For now I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.63000.
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