NZDUSD BUYWelcome . The New Zealand dollar pair is in a positive situation. There is a high possibility for the pair to rise. After breaking the flag. It has come out of the transverse rectangle. The pair is trying to retest the channel to resume the bullish trend . 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
Nzdusdshort
NZDUSD - Bearish price action here ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As we can see price took buy stop liquidity and rejected from bearish order block + institutional big figure 0.63000 and sterted bearish price action which means I will look for shorts. I expect price could make a retracement to fill the imbalance higher and if price rejects from there I will open a short position.
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NZD-USD: TRADE SETUP (REVERSAL PATTERN= HEAD AND SHOULDER)NZD-USD is expecting to have reversal move from its current position. This can be observed via HEAD AND SHOULDER Pattern as well as the presence of Divergence. The trade setup is designed for a SHORT TRADE option for this FOREX Pair including a projected price.
NZDUSD | UPSIDE LOOKS PROMISINGNZDUSD is currently standing on horizontal resistance zone of 0.62750 where bulls are trying 4th attempt to breakout from the start of March.
The all previous attempt in March were made when EMA200 was above the price hence bulls were never strong. This time EMA is acting as support in favour of bulls to surpass this resistance.
We can witness upside in Kiwidollar to 63800 level. More than 100 pips from current level. Any dip as long as it is above the EMA is buying opportunity.
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NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here I expect price to go a little bit higher and then to reject from bearish order block + institutional big figure 0.63000. As well we could see a normal divergence formed which indicates bearish price action.
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NZDUSD H1: Bearish outlook seen, further downside below 0.6180On the H1 timeframe, prices are showing a downward trend and bearish order flow, with lower lows and lower highs being formed. A pullback to a key support-turned-resistance zone at 0.6180, in line with the 38.2% Fibonacci extension, could present the opportunity to ride the drop to the support zone at 0.6120, which coincides with the 78.6% Fibonacci retracement and extension levels. Prices are holding below the 20 EMA and Ichimoku cloud, and MACD is showing bearish momentum while ADX is above 25, supporting our bearish bias.
NZDUSD SellNZD/USD picks up bids to pare intraday losses around 0.6175 during early Thursday. Even so, the Kiwi pair remains down for the second consecutive day after reversing from the 200-SMA and one-month-old resistance line the previous day.
The NZD/USD pair’s failure to cross the aforementioned key hurdles joins bearish MACD signals and the downbeat RSI (14) line, not oversold, to keep the sellers hopeful of witnessing the quote’s further downside.
NZDUSD h1 main trend is still down. Currently, the pair is in a short correction span. In today's price, it is possible that the price will recover to 0.6185 area and then continue to go down. Recommended to wait for selling around the price zone of 0.6185, SL: 0.6215, TP: 0.6140-0.6110
NZDUSD SellNZD/USD is keeping its bullish momentum intact after hitting the low near0.6220 level. The NZD/USD advance comes on the back of US Dollar weakness amid falling US Treasury bond yields. The high beta currency was also kicked up by firmer equity complexes from the last three days.
The US Dollar-driven move underpinned the pair, earlier in the week, after the recent fallout of Silicon Valley Bank (SVB) and Signature Bank. The aforementioned incident made a direct impact on US Treasury yield complexes.
NZDUSD h1 price is still on the upside. Today, it is possible that the pair will go up to the 0.6275 resistance area and then turn down again. Recommend waiting to sell to 0.6275, SL: 0.6310, TP: 0.6200
NZD/USD:Price will continue to Drop After NFP - SHORTInvestor anxiety ahead of the release of US Nonfarm Payrolls (NFP) data has caused the NZD/USD currency pair to fall below 0.6100. The USD Index has rebounded strongly, indicating a recovery in the risk-off sentiment after correcting near 105.13. An increase in the labor cost index could confirm Federal Reserve (Fed) Chair Jerome Powell's fears of persistent inflation and signal more aggressive rate hikes in the future.
As the FX market awaits the NFP data, projections suggest that the US economy added 203K payrolls in February, while the unemployment rate is expected to remain unchanged at 3.4%. The Average Hourly Earnings data could potentially impact market sentiment. Higher wages offered by US firms due to a labor shortage are offsetting the impact of rate hikes from the Fed, and the labor cost index is expected to rise further to 4.7% from the previous release of 4.4%.
On the New Zealand front, weak Consumer Price Index (CPI) data from China indicates that the expected recovery in domestic demand has not materialized despite reopening measures. New Zealand is one of China's major trading partners, and lower demand could weaken NZ exports and affect the New Zealand Dollar.
NZDUSD SellIt is another quiet Asian session for the AUD/USD and the NZD/USD. There are no material stats from Australia for investors to consider this morning. The lack of stats will leave investors to dissect Fed Chair Powell’s testimony and today’s US Jobs Report. Another hot US Jobs Report would pressure the Aussie and Kiwi. Following recent forward guidance from the RBNZ and RBA, monetary policy divergence remains firmly in favor of the US dollar.
Market bets of a 50-basis point Fed interest hike leave the Aussie and Kiwi facing further downside risks. However, Fed policy uncertainty resurfaced on Wednesday. During the second day of testimony, Fed Chair Powell reopened the door to a less hawkish March rate hike, cushioning the downside on Thursday.
NZDUSD long term trend is still down. Currently on the h1 chart the price is sideways in the 0.6090-0.6140 zone. With this pair, traders can wait to sell down around 0.6140, SL: 0.6170, TP: 0.6090
NZDUSD - Short from bearish order block ✅ Hello traders!
‼️ This is my perspective of NZDUSD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 0.62000.
‼️Attention!!! Due to the fact that we have news events on USD tomorrow, the analysis can be invalidated.
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Yemi_Fx1 | Short for NZDUSDPrice is in a consolidating phase in the form of a bearish flag pattern. If the pattern holds there will be a continuation for price movement to the downside. So,
I'll be considering
A Risk entry type at the top of the bearish flag structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
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NZD/USD:Declines towards 0.61 as US Biden wants tax riches More!The NZD/USD pair is facing downward pressure and is currently approaching the round-level support of 0.6100. This is due to US President Joe Biden's recent proposal to increase corporation tax from 21% to 28%, as well as implementing a 25% billionaire tax and levies on rich investors. These measures are expected to contract fiscal policy and restrict the Consumer Price Index (CPI) from further increasing. The proposal has also put pressure on the S&P500 futures, which are currently showing losses in the Asian session.
The USD Index is expected to resume its upside journey, hovering above 105.20 due to the higher taxes proposal. This week, the US Nonfarm Payrolls (NFP) data will be in the spotlight, with a consensus of fresh 203K payrolls added in February. Investors will also be paying attention to the Average Hourly Earnings data, which is expected to increase to 4.8% on an annual basis.
China's Consumer Price Index (CPI) data is also on investors' radar, with a forecasted decline to 1.9% from the prior release of 2.1% on an annual basis. The monthly CPI is likely to trim to 0.2% from the former release of 0.8%. If inflation continues to decrease, it might force China's administration and the people's Bank of China (PBoC) to infuse more liquidity into the economy. This could benefit New Zealand, one of China's leading trading partners, and bring more business for the New Zealand Dollar.
In the Asian session, the NZD/USD pair failed to recapture the critical resistance of 0.6120. This could be due to the proposal of higher taxes from US Biden, as well as rising interest rates by the Federal Reserve (Fed). The Fed's actions, combined with the fiscal policy measures, might have a synergic impact on US inflation, leading to a decrease in consumer spending.