Nzdusdtrade
NzdUsd can drop againSince the recent low just above 0.62, NzdUsd started to correct higher and reached 0.6550 resistance.
Yesterday the pair has put on a bearish engulfing candles pattern on our chart and this could mark the signal for reversal.
The long-term trend for this pair is down and I expect it to resume.
I'm bearish on this pair as long as the price is under the 0.66 zone
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UPA in occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not decreased yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6515 LEVEL. The DXY is currently trading slightly below 101.65. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Priced above NZDUSD DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- NZDUSD PRICE can be UP to 0.6660 LEVEL before DOWN. Then it can be DOWN to 0.6198 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
NZD/USD. Kiwi can take off!The kiwi-dollar has lost more than 10% against the US dollar since April 5 and looks very oversold. Classic technical analysis indicators show multiple divergences on the H1-H4 charts. Our trading strategy indicators also gave signals about the weakening of the downtrend movement and a high probability of NZDs bounce.
Based on the available data, we expect a limited NZD/USD growth over the coming week. A strong resistance, supported by the Fibonacci level, is at 0.6529 and is the most likely growth target.
How to trade.
Buy NZD/USD (open long) from the current levels or in the range of 0.6260-0.6270. The target is 0.6520-0.6530.
NZDUSD Top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UP of occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not diminished yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6341 LEVEL. The DXY is currently trading slightly below 103.91. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- NZDUSD PRICE can be DOWN to 0.6284 LEVEL before UP. Then it can be UP to 0.6660 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.