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Nzdusdsignal

NZDUSD Bearish Outlook: Technical and Fundamental AnalysisA comprehensive analysis spanning multiple timeframes presents a bearish outlook, augmented by fundamental factors. On the monthly chart, there's a clear rejection at a significant resistance level, indicating strong selling pressure at these price points. Shifting to the weekly timeframe, a notable observation is the breach of a critical support level, which has now turned into resistance. This shift was accompanied by a consolidation phase, highlighting a significant mitigation of positions and the addition of substantial short positions, further validating the bearish sentiment. The daily chart provides a more granular view, showcasing a distinct breakdown in structure towards the downside. This technical breakdown suggests continued bearish momentum in the short term, as lower lows and lower highs form part of a downtrend. From a fundamental perspective, the strength and momentum of the USD are evident, fueled by recent data releases that have kept the dollar "hot." Additionally, there's an observed bullish divergence with bonds, although this doesn't necessarily imply a long-term trend reversal. On the New Zealand side, the upcoming Consumer Price Index (CPI) data release is anticipated to show a cool off, potentially setting the stage for an upward price correction. However, this expected bullish move should be interpreted with caution, as price action leading up to significant catalysts often respects the prevailing trend, which, in this case, is bearish. In summary, while short-term bullish opportunities may arise from fundamental data releases such as the NZD CPI, the overarching technical analysis across monthly, weekly, and daily charts suggests a bearish trend for NZDUSD. Traders might consider looking for sell opportunities on rallies or breaks of structure, keeping an eye on key support and resistance levels for entry and exit points. Fundamental factors, including the strength of the USD and upcoming economic indicators, should be monitored closely to gauge their impact on the currency pair's direction.
Short
by Wiiso
2
NZDUSD Technical Analysis And Trade Idea The NZDUSD has shown notable upward momentum, reaching a significant resistance point on both daily and weekly charts. This video offers an extensive analysis, carefully scrutinizing price actions and uncovering potential trade prospects through comprehensive assessments across various timeframes, spanning from weekly down to 15-minute intervals. Expect a thorough examination encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's essential to highlight that the insights shared in this video are purely educational and should not be construed as financial guidance.
Long
by tradingwithanthony
NzdUsd to reach 0.65 in mid-termFX:NZDUSD has been in a downtrend for nearly two years. However, after reaching a low at the 0.55 zone, which aligns neatly with the pandemic's 2020 low in October 2022, the pair staged a robust recovery, gaining approximately 1000 pips and reaching the trend line once again. Subsequently, a new decline occurred, halting at 0.58 and establishing a higher low on our long-term chart. Another recovery ensued, propelling the pair back above the crucial 0.6 level, significant both psychologically and technically. This was accompanied by a touch of the descending trend line. The recent correction formed a bullish flag, and the pair rebounded strongly from just above the technical support. Currently, the pair is hovering around resistance, and I anticipate a potential breakout. Such a break could lead to further gains, with the medium-term target set at 0.65. I maintain a bullish stance as long as the pair remains above the recent low of 0.6050.
Long
by Mihai_Iacob
4
NZDUSD → Plummets from a four-month high, drops below 0.6200FX:NZDUSD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields. Consequently, the pair tumbled more than 0.80% and trades at 0.6154. The NZD/USD uptrend remains intact, though it is subject to a pullback. If the pair slides past the 0.6150 figure, the next support would be the November 30 swing low at 0.6120. Up next the 200-day moving average (DMA) at 0.6089. A breach of the latter and the pair could shift neutral if it slumps below the October 11 high turned support at 0.6055. On the other hand, if NZD/USD buyers reclaim 0.6200, further upside is seen above 0.6226, followed by a test of the July 27 high at 0.6273. If those two supply zones are erased, a jump to 0.6300 is on the cards.
Short
by tradingconmike
NZDUSDThe FX:NZDUSD is flat against the US Dollar (USD), early during Wednesday’s Asian session, ahead of the Reserve Bank of New Zealand (RBNZ) monetary policy decision. At the time of writing, the pair exchanges hands at around 0.6134, sitting above the 200-day moving average (DMA), suggesting the pair remains bullish. Given the backdrop, a hawkish stance by the RBNZ could likely underpin the pair to test the next resistance area at 0.6225, the July 31 swing high, followed by the July 27 high at 0.6273. Conversely, and the most likely scenario, RBNZ Governor Adrian Orr and Co. are expected to hold rates unchanged for the fifth consecutive meeting, which would likely weigh on the NZD/USD pair, which would dive toward the 0.6100 figure, ahead of the 200-DMA at 0.6089. If the exchange rates pierces that support level, the losses could extend to 0.6050, and beyond.
Long
by tradingconmike
NZDUSDDear Traders, Our overview remain bullish as in our previous chart that we had explained it, right now price is in very tricky sport while dxy did not make any strong retracement since last week and has continued dropping in this week too. It is hard to clearly pin point when DXY will retrace so we kept that thought in mind and we think price of NZDUSD will continue the bullish momentum. This idea is swing move, please use smaller time frame for entries, like and comment if you agree with the idea. thanks a lot ;)
Long
by Setupsfx_
1
Moves around 0.6050 with a bullish sentimentFX:NZDUSD extends gains around three-month highs, trading around 0.6050 during the early European session on Tuesday. The selling pressure on the US Dollar (USD) continues, as there is increasing consensus that the Federal Reserve (Fed) has concluded its policy-tightening campaign. Market sentiment is now leaning towards the likelihood of rate cuts by the Fed starting in March 2024. The 14-day Relative Strength Index (RSI) is above the 50 level, indicating a bullish sentiment for the NZD/USD pair. This could encourage bullish moves towards the psychological resistance level around 0.6100. Moreover, the Moving Average Convergence Divergence (MACD) line, situated above the centerline and diverging above the signal line, is suggestive of a bullish momentum in the market. On the downside, the 23.6% Fibonacci retracement at 0.6004 may serve as a crucial support level, followed by the nine-day Exponential Moving Average (EMA) at 0.5988. A decisive break below the EMA could potentially pave the way for the pair to test the 38.2% Fibonacci retracement at 0.5960, aligning with the significant level at 0.5950.
Long
by tradingconmike