NZD/USD | bearish till 0.65038 ?NZD/USD delayed post.
NZD/USD selling pressure may reach 0.65800
Bearish momentum may fall to 0.65038
Resistance Levels: 0.66466, 0.66752, 0.66984
Support Levels: 0.66001, 0.65800, 0.65038
Possible good entry:
Entry price: 0.66400
Stop: 0.67067
Target: 0.65038
Let's watch...
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Nzdusdtrade
Short NZDUSDThere is the possibility that the first uptrend with the Ending Diagonal pattern ended in the range of 0.6797.By crossing the price range of 0.66011, the completion of the Ending Diagonal pattern is confirmed, we can hope the continuation of the downtrend extends up to the first target of 0.6380.
NZD/USD possible sell opportunity at the channel resistanceNZD/USD price action looks quite weak. Price has moved lower
after touching the channel Top on Friday.
So, there's a good possibility that NZDUSD will drop to the
channel support near 0.66.
Possible entry could be between 0.6770 and 0.6810 with SL above
0.6830 and initial TP at 0.67 followed by final TP at 0.66.
The above trade will be executed if bearish PA develops and other
conditions of a short entry are satisfied.
NZDUSD one hour takeYesterday offered up some good short term play on NZD against the 6760 area. Today we seem to have a repeat trading opportunity within a up sloping channel so far today offering resistance. In addition we have A great fib resistance zone From the recent highs around the 6780-6800 area. With hourly price action over lapping and grinding slowly higher I’m thinking taking small short trades using the 6760 as my stop zone to see if we get a repeat of yesterday’s late afternoon play.
More of a short term trade idea and or scalping trade. As usually use your own trade plans and trade your own plan.
Post is not trading advice but a view of my trade / plan be it good, bad, or indifferent, as always the risk is always the traders to bare.
All the best my friends.
NZD/USD FX:NZDUSD Pair is moving in a rising channel with Higher highs and higher lows. Expecting the wave 5 .
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NZDUSD is trading in a tight rangeNZDUSD
The swing momentum was slowed and downward trend was resumed after reaching the September high 0.67880 it felled towards 0.66000 level.
The key support price also broken at 0.67416 which is a clear sign of bearish trend and now this pair is trading in a range.
We can short this pair and the potential take profit would be 0.66000 which is a 61.8% Fibonacci and key psychological level. Stop lose may place above the 0.67400 level.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
NZDUSD - BULLISH BIASNZD - BULLISH
1️⃣ Risk-on market sentiment and weaker USD give a support for Kiwi. U.S. stock markets opened strongly on Thursday, extending their rebound and shrugging another set of weekly jobless claims numbers that suggested the labor market recovery is stalling.
USD - BEARISH
1️⃣ The dollar index extended the declines to below 92.8 on Thursday, prompted by a stronger Euro after the ECB revised its 2020 outlook up despite a stronger currency and deflationary pressures. Meanwhile, the Fed is seen leaving rates at a record low for some time.
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TECHNICAL
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- We're looking to long this pair on RBS level + SMA100 area on H1 chart.
- NZDUSD in bullish zone.
NzdUsd outlookAs I've said in my previous analysis, the false break above 0.67 zone marks a top for NzdUsd.
The pair dropped to 0.66 after this false break and now is correcting this move.
My opinion is unchanged from bearish in the medium term and I will look for opportunities to sell this pair for 0.6650 target