Nzdusdshort
NZDUSD to see a higher correction?NZDUSD - 24h expiry
We expect a reversal in this move.
Price action looks to be forming a top.
A move through 0.6340 will confirm the bearish momentum.
Momentum is flat, highlighting the lack of clear direction.
The measured move target is 0.6250.
We look to Sell a break of 0.6340 (stop at 0.6370)
Our profit targets will be 0.6270 and 0.6250
Resistance: 0.6360 / 0.6370 / 0.6400
Support: 0.6340 / 0.6300 / 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.
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 - 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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NZD/USD Rebounds Above 0.6150 on Mixed NZ DataThe NZD/USD currency pair has rebounded above the 0.6150 level, breaking its two-day downtrend at a six-week low. The recent rise in the Kiwi pair is largely attributed to the mixed catalysts at home, along with the broad weakness in the US dollar.
The upcoming US Q1 GDP release is crucial for NZD/USD traders to watch. The market expects the GDP to ease to 2.0% on an annualized basis versus 2.6% prior. The recent hawkish concerns about the Reserve Bank of New Zealand (RBNZ) are expected to recede if the US Q1 GDP prints downbeat figures, which would support the Kiwi pair's latest recovery.
👉 The mixed catalysts, including the negative ANZ sentiment figures and the US-China tension, could further weigh on the Kiwi currency. Therefore, traders could consider a sell signal with an entry price around 0.6140, a take profit level around 0.6000, and a stop loss above 0.6160.
TRADE IDEA DETAILS
Currency Pair: NZD/USD
Current Trend: Bearish
Trade Signal: ↘️Sell
👍Entry Price: Around 0.6140
✅Take Profit: Around 0.6000
❌Stop Loss: Above resistance at 0.6160
Additionally, the mixed ANZ sentiment figures for April, along with the plummeting Business Confidence in New Zealand, could weigh on the Kiwi currency. Moreover, fears of a US recession, the banking sector fallout, and the US-China tension could also lead to a risk-off sentiment, which could benefit the US Dollar.
#ForexTrading #NZDUSD #MarketAnalysis #TradeSignals
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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NZDUSD to see a temporary move higher?NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6265)
Previous support located at 0.6200.
Previous resistance located at 0.6220.
Further downside is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 0.6175 and 0.6150
Resistance: 0.6220 / 0.6240 / 0.6250
Support: 0.6200 / 0.6175 / 0.6150
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 reverse?NZDUSD - 24h expiry - We look to Sell a break of 0.6269 (stop at 0.6297)
Previous support located at 0.6270.
Previous resistance located at 0.6300.
The move higher is mixed and volatile, common in corrective sequences.
We expect a reversal in this move.
A move through 0.6270 will confirm the bearish momentum.
Our profit targets will be 0.6201 and 0.6191
Resistance: 0.6300 / 0.6325 / 0.6350
Support: 0.6270 / 0.6250 / 0.6200
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 trend of higher lows has been broken.NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6270)
Previous support located at 0.6200.
Previous resistance located at 0.6225.
The trend of higher intraday lows has also been broken.
Risk/Reward would be poor to call a sell from current levels. Further downside is expected.
Our profit targets will be 0.6175 and 0.6150
Resistance: 0.6225 / 0.6240 / 0.6250
Support: 0.6200 / 0.6175 / 0.6150
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.
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.