NZDUSD → A retest of resistance may end in a false breakout.FX:NZDUSD bounces off the upward support line and forms a distribution towards the liquidity zone located above 0.597...
Strong resistance lies ahead at 0.5969 - 0.5975 (liquidity pool). If the current movement continues (distribution), the market will exhaust all its potential and the situation may end in a false breakout. There is no trend as such in the market, the price is inside the flat, and thus bearish pressure may resist the upward price movement.
Resistance levels: 0.5969, 0.5974
Support levels: 0.5932, 0.5917
Against the backdrop of a falling dollar, the currency pair is likely to continue its growth and may test 0.5969 in the short term, but based on the nature of the movement, we can assume that a downward correction will follow.
Best regards, R. Linda!
NZDUSD trade ideas
NZD/USD TRADING PLAN – MAY 21 | RETEST OR CONTINUATION?NZD/USD TRADING PLAN – MAY 21 | RETEST OR CONTINUATION? 🔍
After several steady bullish sessions, NZD/USD is pulling back slightly from the 0.5961 resistance zone. The pair remains within a well-defined ascending channel on the H1 chart and is approaching a key support area around 0.5910 — a zone that could trigger a technical bounce and continuation of the current bullish trend.
🌍 MACRO CONTEXT:
The US Dollar Index (DXY) is showing signs of weakness following disappointing CPI and PPI data. This opens up room for commodity currencies like NZD to recover further.
Meanwhile, New Zealand's domestic consumption data has exceeded expectations, and the RBNZ continues to maintain a stable policy outlook — a medium-term bullish sign for NZD.
Market sentiment is leaning cautiously against the USD, especially as the Fed holds its “no cut but no hike” stance — boosting interest in alternative currencies.
📊 TECHNICAL OUTLOOK (H1):
NZD/USD is trading within an ascending price channel.
EMA 13 is above EMA 34 and EMA 200 — a positive short-term trend signal.
Two important zones to watch today are 0.5910 (key support) and 0.5961 (key resistance).
🎯 TRADE SETUPS FOR TODAY:
✅ SCENARIO A – BUY THE RETEST:
If price tests the 0.5910 zone and shows strong reaction:
BUY ZONE: 0.5910 – 0.5915
SL: 0.5890
TP: 0.5960 → 0.5980 → 0.6000 → 0.6006
→ This zone aligns with ascending channel support + prior FVG → strong rebound probability.
✅ SCENARIO B – BREAKOUT & CONTINUATION:
If price breaks and holds above 0.5961:
BUY SCALP: 0.5965 – 0.5970
SL: 0.5950
TP: 0.5980 → 0.6000 → 0.6006
❌ SCENARIO C – BEARISH BREAKDOWN:
If price fails to hold above 0.5910 and closes H1 candle below it:
SELL SCALP: 0.5900 – 0.5895
SL: 0.5915
TP: 0.5870 → 0.5850 → 0.5820
📌 FINAL THOUGHTS:
NZD/USD is at a critical decision point — this could be a retest before continuation to 0.6000 or the beginning of a deeper drop.
Watch the 0.5910 level closely to determine market direction.
⚠️ Risk management is key — high volatility expected as U.S. PMI data is set for release during today’s NY session.
🧠 Be patient. Let price come to your zone. React, don’t predict.
NZDUSD – Sell Limit Near Pivot ResistanceTrade Setup
Type: Sell Limit
Entry: 0.5925
Stop Loss: 0.6000
Target: 0.5775
Duration: Intraday
Expires: 20/05/2025 15:00
Technical Overview
Price action is sideways and indecisive, forming a congestion zone on the 4H chart.
Pivot resistance sits at 0.5925 — a logical level for bearish entries.
A move through 0.5875 would act as early confirmation of downside momentum.
The measured move target from the range breakdown projects toward 0.5750; however, a more conservative exit is at 0.5775 for higher probability.
Risk/reward is favourable when selling rallies into 0.5925 vs current market price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDUSD Set To Fall! SELL!
My dear friends,
NZDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.5904 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.5883
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
NZDUSD to find sellers at market price?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot resistance is at 0.5925.
A move through 0.5875 will confirm the bearish momentum.
The measured move target is 0.5750.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.5925 (stop at 0.5975)
Our profit targets will be 0.5805 and 0.5750
Resistance: 0.5925 / 0.5950 / 0.5975
Support: 0.5850 / 0.5800 / 0.5750
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: Long Trading Opportunity
NZDUSD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long NZDUSD
Entry - 0.5880
Sl - 0.5857
Tp - 0.5918
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bearish reversal?NZD/USD has rejected off the resistance level which is an overlap resistance that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5933
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 0.5960
Why we like it:
There is a pullback resistance level.
Take profit: 0.5893
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
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NZDUSD to find buyers at previous swing low?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot support is at 0.5850.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5900 will confirm the bullish momentum.
The measured move target is 0.5975.
We look to Buy at 0.5850 (stop at 0.5800)
Our profit targets will be 0.5950 and 0.5975
Resistance: 0.5900 / 0.5950 / 0.5975
Support: 0.5875 / 0.5850 / 0.5825
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.
Potential bearish drop?The Kiwi (NZD/USD) has rejected off the pivot that lines up with the 127.2% Fibonacci extension and could drop to the pullback support.
Pivot: 0.5933
1st Support: 0.5893
1st Resistance: 0.5968
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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NZDUSD potential 50 pip drop? NZDUSD 4h crossed the previous liquidity zone with strong false breakout giving a high probability for the price to form a potential inverted head & shoulder and may continue to drop to 0.5308 which may lead a 50 pip drop with market open as the market is in strong down trend.
A possible sell trade setup with market open is highly probable!
NZDUSD Bearish Setup🔍 Market Structure Analysis
WSD Zone Rejection (Top):
Price tapped a wick-based supply & demand (WSD) zone at the top around 0.59486.
That zone also aligns with the previous liquidity grab + mitigation of the OB.
Price is now rejecting that area — forming a lower high (LH) inside the zone → classic sign of distribution.
Rising Channel Break:
Price was rising inside the red ascending channel.
Currently showing bearish intent, with multiple internal BOS (breaks of structure).
If price closes below the channel, that confirms bearish expansion.
Downtrend from Premium Zone:
We're clearly in premium pricing, where institutions prefer to offload longs.
This area also completes a liquidity sweep of prior highs inside the WSD zone.
🧠 Trade Logic (Sell Setup)
🔺 Entry Zone: Inside or after rejection of WSD at 0.59486.
🛑 Stop Loss: Just above the WSD zone and local high.
🎯 Take Profits:
TP1: 0.58669 → Local support + lower WSD zone (reaction zone).
TP2: 0.58398 → Previous liquidity pool and external low.
🧾 R:R = Clean 1:4.5+, textbook SMC setup.
📌 Confluences for Bearish Bias
✅ Multiple WSD zones tested with bearish rejection.
✅ Rising channel inside premium is breaking.
✅ Mitigation + BOS on smaller TF.
✅ News candle marked by blue vertical line may act as final volatility spike before continuation.
✅ Price is near VWAP/50% equilibrium → Ideal for smart money to expand to downside.
🧯 Invalidation Conditions
❌ If price closes above 0.59486, we reassess the bias.
❌ A re-entry into the upper WSD with strong bullish volume invalidates the current bearish flow.
🔮 Forecast Summary
This is a classic distribution setup with liquidity engineered into a WSD zone, now showing early mitigation and markdown signs. Unless major manipulation occurs, expect price to expand toward the 0.58398 low in the next 24–48 hours.
NZDUSD Will Fall! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.590.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.575 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZD/USD SHORT TRADE IDEA🔍 Trade Breakdown:
Price aggressively rallied into a previous supply zone (highlighted in green), showing signs of buyer exhaustion near the top.
📌 Entry: 0.59125
🛑 Stop Loss: 0.59235 (11 pips)
🎯 Take Profit: 0.58775 (35 pips)
🎯 Risk:Reward = ~1:3.2
💡 Why I Took It:
Market had a strong push up, but into a clear imbalance + supply zone
Bearish reaction candles on the 15m showing rejection from the zone
High R:R opportunity with a tight SL just above the wick rejection
NZDUSD Range Tightens – Breakout Setup BuildingNZDUSD continues to coil within a contracting triangle, forming a symmetrical wedge bounded by lower highs and higher lows. Price is approaching the resistance zone near 0.6028, with visible indecision and rejection wicks, signaling potential for either breakout or rejection.
Key Levels:
Resistance: 0.6028 (structural ceiling, key pivot)
Support: ~0.5800 (ascending support line of wedge)
Breakout Target (Bullish): 0.6150–0.6200
Breakdown Target (Bearish): 0.5650–0.5550
Scenarios to Watch:
🔹 Bearish Rejection
Price rejects off 0.6028 and returns inside range
Watch for momentum drop and move toward wedge base (0.5800)
Clean breakdown opens path toward April lows (~0.5509)
🔹 Bullish Breakout
Break and hold above 0.6028
Confirmation on 4H close + retest
Opens room for bullish extension toward 0.6150+
Outlook:
Price is nearing apex compression, suggesting breakout is imminent.
Bias is neutral until price breaks out of the current wedge structure.
Expect volatility spike around the 0.6028 test.
Kiwi H4 | Rising into a multi-swing-high resistanceThe Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6019 which is a multi-swing-high resistance.
Stop loss is at 0.6095 which is a level that sits above the 161.8% Fibonacci extension.
Take profit is at 0.5854 which is a swing-low support.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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