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Nzdusdlong

NZDUSD potential upside from its trendline support areaNZDUSD is potentially creating rejection and reverse to continue its bullish movement. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. At the moment, NZDUSD is weaving in its support with rejection happen due to the Nonfarm Payrolls news. The overall market has been muted due to easter holidays this week and we should see the market back to normal next week. I am seeing that we are able to take long position because NZDUSD has rejection in its support of the trendline and having bullish movement in 1H and 4H timeframe. I will set the stop loss at 0.62 and potential upside at 0.638. Good luck! Happy profit!
Long
by MekarTrading
2
Recession Probability Dumped NZDIn the 4-hour and daily timeframe, FRVP shows the $0.6230 level as a critical support. At the same time, we see that it has been in the ascending channel since the beginning of March and is currently breaking the lower support of the channel. The fact that the sub-support of the channel and the FRVP support are in the same region increases the risk level of this region. The prospect of New Zealand's possible recession has pushed the NZD below this risk level. In such a scenario, it is possible to see $0.60 levels.
Short
by YavuzAkbay
NZDUSD Buy NZDUSD advanced to a seven-week high of 0.6378 in the wake of a bolder-than-expected 50bps rate hike by the Reserve Bank of New Zealand early on Wednesday. The pair has been developing northwards within a bullish channel since the drop to 0.6083 on March 10th, having already climbed above its simple moving averages (SMAs). Encouragingly, the RSI and the MACD are sending clear positive signals at the moment, with the former trending up confidently above its 50 neutral mark and the latter gaining ground within the positive region. The next hassle could be the channel’s upper boundary, which overlaps with the 61.8% Fibonacci retracement of the latest downleg at 0.6392. A successful move higher could retest the 0.6465 constraining zone ahead of the 2023 top of 0.6536. Should the bulls push for new highs, the door would open for the long-term resistance trendline drawn from the 2021 high of 0.7463. NZDUSD h1 price is in an uptrend. Today it is possible that the pair will move up to the 0.6370 resistance area once again. Recommended buy to current price 0.6320, SL: 0.6280, TP: 0.6370
Long
by VTmarkets
NZDUSD bias remains positive.NZDUSD - 24h expiry - We look to Buy at 0.6275 (stop at 0.6225) Previous support located at 0.6300. Previous resistance located at 0.6350. We can see no technical reason for a change of trend. Further upside is expected. Dips continue to attract buyers. Our profit targets will be 0.6375 and 0.6400 Resistance: 0.6350 / 0.6375 / 0.6400 Support: 0.6300 / 0.6275 / 0.6250 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.
Long
by OANDA
20 Reasons For Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart 2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways 3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks 4:🕛Daily: Invert head & shoulder taking support at weekly 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: Inverse Head & Shoulder 7: 3 Volume: Massive Volumes on Buy Candles good for bulls 8: 4 Momentum UNCONVENTIONAL Rsi: sideways to bullish zone 9: 5 Volatility measure Bollinger bands: It starts squeezing. Now let's see Which side breakdown occurs, but then a high chance it can be the bull side 10: 6 Strength ADX: bullish DMI in strengths kiss and cross but overall sideways 11: 7 Sentiment ROC: this week, NZD is most vigorous in the central basket, and USD is the weakest ✔️ Entry Time Frame: H4 12: Entry TF Structure: bullish 13: entry move: wait for fill the Recent FVG overall market is in a proper uptrend in h4 tf 14: Support resistance base: protected lows back to back 15: FIB: waiting ☑️ final comments: wait until the price touches the recent support area when reached here; you need to wait for a trendline breakout and buy 16: 💡decision: Buy 17: 🚀Entry: 0.6234 estimated 18: ✋Stop losel: 0.6199 19: 🎯Take profit: 0.6363 20: 😊Risk to reward Ratio: 1:3.5 🕛 Excepted Duration: 3 days
Long
by Optimum369
Buying NZDUSD in a positive channel.NZDUSD - 24h expiry - We look to Buy at 0.6195 (stop at 0.6155) Previous support located at 0.6200. Previous resistance located at 0.6250. The trend of higher lows is located at 0.6190. Further upside is expected. The hourly chart technicals suggests further downside before the uptrend returns. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 0.6295 and 0.6315 Resistance: 0.6250 / 0.6300 / 0.6350 Support: 0.6200 / 0.6150 / 0.6125 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
NZD/USD Rebounds on Positive Banking News and Fed UpdatesThe NZD/USD pair has shown signs of recovery after hitting a low of 0.6181, which was the result of the ongoing banking crisis causing nervousness in the market. The New Zealand dollar has struggled recently due to the impact of bank stress on risk appetites. However, positive news surrounding the Silicon Valley Bank (SVB) deal and the Federal Deposit Insurance Corporation's (FDIC) confirmation that First Citizens bank would take over all deposits and loans of Silicon Valley Bridge Bank from the FDIC has provided some much-needed support for the risk-sensitive currency. According to Bloomberg, US regulators are considering expanding an emergency lending facility for banks, which would give First Republic Bank (FRC) more time to strengthen its balance sheet. Meanwhile, Federal Reserve (Fed) voter Kashkari has taken a dovish stance and stressed the uncertainty of the banking crisis's impact on the economy, with the Fed closely monitoring the situation. This contrasts with the hawkish views of non-voting colleagues Barkin and Bullard, who are focused on addressing inflation over financial stability. In recent testimony, Fed Vice-Chair of Supervision Barr reassured investors that the banking system remains robust, with the Fed committed to ensuring deposit safety. He also discussed planned regulations to enhance the financial system's resiliency, including long-term debt requirements for large banks, improved stress testing, and exploration of liquidity rules and other reforms. As we look ahead, the market's focus is now on the upcoming US Personal Consumption Expenditure (PCE) data release, which will likely shape US Dollar dynamics. This data is set to be released later this week and will undoubtedly have an impact on the currency markets.
Long
by FOREXN1
5