NZD/USD4H Chart Analysis Bullish Reversal Setup from Demand Zone๐ Price: 0.59552
๐ EMA 70: 0.59410 (๐ค Brown Line)
Chart Zones & Key Levels
๐ท Resistance Zone:
๐ผ Around 0.60298 โ 0.60304
๐น Price reacted strongly here (๐ฝ white arrows)
๐น Acts as a ceiling for now
๐ข Demand Zone:
๐ฝ Around 0.58800
โ
Buyers stepped in here before
๐ If price drops again, might bounce from here
๐ฅ STOP LOSS:
โ 0.58793
๐ธ Protects from deeper losses if trend breaks down.
TRADE IDEA
1๏ธโฃ Entry Idea: Wait for a pullback into the Demand Zone
๐โฌ๏ธ
2๏ธโฃ Bullish Reversal Expected:
โฌ๏ธ Bounce toward Target Zone
๐ฏ Target Point: 0.60300
๐ฆ Profit zone marked in blue
๐ธ Good Risk/Reward ratio.
Indicators & Pattern
๐ Wedge Pattern:
๐น Bullish breakout potential
๐น Currently respecting the channel
๐ EMA Crossover Area:
๐ธ Could act as dynamic support/resistance
๐ค Price hovering around EMA (0.59410)
Summary:
โ
Buy Setup if price holds above 0.58800
๐ฏ Target: 0.60300
๐ Stop Loss: 0.58793
โ ๏ธ Watch the price reaction at the Demand Zone for confirmation!
NZDUSD trade ideas
NZDUSD - growth ended with a false breakout NZDUSD makes a false breakout of resistance after strong growth in the Asian session. The dollar is correcting a bit before the news at this time, which may give a chance for the currency pair to correct
Scenario: Strong growth of 2.3% is tempered by a false breakout. The price is not ready to continue rising. Consolidation of the price below 0.60200 may intensify the sell-off and trigger a correction to the support at 0.5969 (0.5)
NZDUSD: Dips as Investors Await RBNZ Decision on May New Zealand Dollar Dips as Investors Await RBNZ Decision on May 28
The New Zealand dollar fell to around $0.6000 on Tuesday, following a volatile Monday session where it briefly reached its highest level in nearly seven months.
Now, all eyes are on the Reserve Bank of New Zealandโs upcoming policy announcement on Wednesday.
The central bank is widely expected to cut interest rates for the sixth time in a row, possibly lowering the official cash rate by 25 basis points to 3.25%.
Market participants will also pay close attention to the bankโs latest economic forecasts, looking for clues about how China Trade Tariffs could affect future growth.
Meanwhile, NZDUSD remains below the Daily Pivot Point, signaling a higher likelihood of further declines ahead of the RBNZ rate decision, as seen in the chart.
You may find more details in the chart!
Thank you and Good Luck!
โค๏ธPS: Please support with a like or comment if you find this analysis useful for your trading dayโค๏ธ
NZDUSD Range Tightens โ 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): 0.6150โ0.6200
Breakdown Target (Bearish): 0.5650โ0.5550
Scenarios to Watch:
๐น 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)
๐น 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.
New Zealand central bank sees less growth, FOMC says it will remThe New Zealand dollar declined as much as 0.67% earlier but has recovered. In the European session, NZDS/USD is trading at 0.5969, up 0.04% on the day.
A day after the Reserve Bank of New Zealand lowered interest rates, Governor Christian Hawkesby testified before a parliamentary committee on Thursday. Hawkesby said the central bank could hold rates in July and that rate decisions would be data-dependent. The Governor said he expected slower global growth would dampen New Zealand's recovery and there was uncertainty around the impact of the US tariffs.
The RBNZ has been aggressive, chopping 225 basis points in the current easing cycle, which has brought the cash rate down to 3.25%, its lowest level in almost three years. At yesterday's meeting, the RBNZ said that the cash rate was currently in a neutral zone, where it neither stimulates nor curbs economic growth.
FOMC minutes: Increasing uncertainly could mean "difficult tradeoffs"
In the FOMC minutes of the May 7 meeting, members expressed concern about the government's fiscal and trade policy. Members said that "uncertainty about the economic outlook had increased further", making it appropriate to remain cautious until these policies became clearer. Members warned that if inflation remained high and growth and employment weakened, the Fed might have to make "difficult tradeoffs".
There was another twist to the Trump tariffs saga as the US Court of International Trade declared the tariffs illegal. The Court ruled that Trump had exceeded his authority by imposing wide-sweeping tariffs against US trading partners. The decision puts a hold on the tariffs, but that may not last long as the US Justice Department has filed an appeal.
NZDUSD โ 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 poised to break out after 38 days stuckNZDUSD is forming a key pattern after 38 days of consolidation. Whether itโs an inverse head and shoulders or an ascending triangle, a break above 0.6030 could trigger a big move. Learn how to trade it.
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NZDUSD BUYSNZDUSD is expected to buy to complete the crab pattern around 0.61200 psychological level BOUNCING FROM A 1HR FVG(Fair value Gap). we saw an expected rate cut of NZD interest rate at 25 basis point(0.25%) was was a dovish stand by the central bank. with investment sentiment still high on risk-on assets, I expect nzd to bully the green-back which is struggling with low interest rate figures as a result of declining inflation figures nearing its 2024 inflation target of 2% and global trade wars.
NZDUSD to form a higher low?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
The correction lower is assessed as being complete.
A move through 0.5960 will confirm the bullish momentum.
The measured move target is 0.6000.
Pivot resistance is at 0.6000.
We look to Buy at 0.5940 (stop at 0.5915)
Our profit targets will be 0.5990 and 0.6000
Resistance: 0.5975 / 0.5990 / 0.6000
Support: 0.5940 / 0.5925 / 0.5900
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.
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Market Analysis: NZD/USD Faces Pressure, Dips AgainMarket Analysis: NZD/USD Faces Pressure, Dips Again
NZD/USD is also moving lower and might extend losses below 0.5935.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.6000 resistance zone.
- There is a major bearish trend line forming with resistance at 0.5960 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6030 zone. The New Zealand Dollar gained bearish momentum against the US Dollar.
The pair settled below the 0.5960 level and the 50-hour simple moving average. Finally, it tested the 0.5930 zone and is currently consolidating.
Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5929 low at 0.5960. There is also a major bearish trend line forming with resistance at 0.5960.
The next resistance is the 0.5985 level or the 50% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5929 low. If there is a move above 0.5985, the pair could rise toward 0.6030.
Any more gains might open the doors for a move toward the 0.6080 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5930 level.
The next major support is near the 0.5910 zone. If there is a downside break below 0.5880, the pair could extend its decline toward the 0.5850 level. The next key support is near 0.5820.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NZDUSD 1D Golden Cross, final bull signal.The NZDUSD pair has been trading within a Channel Up pattern that only broke during the early April sell-off and has found Support near its 1D MA50 (blue trend-line) on its recent May consolidation.
As the 1D MACD just formed the 4th Bullish Cross of the year we expect this long with the emerging 1D Golden Cross to be the final buy signal before a long-term correction. Our Target is 0.60900 representing a +4.30% rise, the minimum previous within this pattern.
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Is This the Next Big Heist? Thief Trader Eyes NZD/USD Long SetupThief Traderโs NZD/USD Heist Plan โ Long Setup in Play!
๐ **Hello Global Wealth Warriors!**
Hello, Bonjour, Ciao, Salut, Guten Tag, Ola!
๐ข **Fellow Profit Pirates & Market Mavericks**, itโs time to set sail again! Get ready to loot the forex seas with our latest **Thief Trader Strategy** targeting the **NZD/USD (The Kiwi)** pair.
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๐ **Trade Overview**
๐ฅ Setup: Long Entry Plan โ Executing our cunning blueprint with Thief Trading's sharp technical & fundamental intel**.
๐ฏ Target: 0.62300 (or exit just before for safety).
โ ๏ธ Danger Zone: Watch for traps at the RED Zone Level โ signs of overbought conditions, consolidation, trend flips & bearish setups.
---
๐ข **Entry Signal** โ *The Heist Begins!*
๐ **Primary Entry**:
> Breakout above **MA Line (0.60300)** = Bullish move โ *Place a Buy Stop above ATR Line*
๐ **Pullback Option**:
> *Buy Limit* at recent swing low/high on **15 or 30-min TF**.
๐ **Pro Tip**:
Set an **Alert** on your chart to catch the breakout live. Timing is everything!
---
๐ **Stop Loss โ The Getaway Plan**
๐ **SL Recommendation**:
> Recent swing low on the **4H chart (0.59400)** for day/swing trades.
> ๐ฏ Customize your SL based on risk, lot size, and total orders.
---
๐ **Scalpers vs. Swingers**
๐ **Scalpers**: Focus ONLY on long-side plays.
๐ฐ Got deep pockets? Dive in.
๐ Otherwise, swing traders โ this is your golden moment. Trail your SL to protect profits.
๐ **Market Pulse** โ Momentum Watch
๐ Kiwi is navigating a **MA Resistance Zone**, but bullish bias remains due to:
* **Fundamentals**
* **Macro Insights**
* **COT Reports**
* **Sentiment & Intermarket Trends**
* **Quant Analysis + Overall Score**
๐ Check the linkks for detailed breakdown.
๐ฐ **News Warning!**
โ ๏ธ Major releases ahead?
* Pause entries.
* Protect trades with **trailing SLs**.
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Bullish bounce for the Kiwi?The price has bounced off the support level which is a pullback support that lines up with the 71% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 0.5931
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Stop loss: 0.5898
Why we like it:
There is a pullback support level.
Take profit: 0.6017
Why we like it:
There is a pullback resistance level.
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EURUSD,GBPUSD,AUDUSD and NZDUSD possible bounce?Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Trade IdeaWith NU flipping bullish on higher time frames my priority was to go long on the pair as long as the smaller time frame could give some type of long opportunity to support the higher time frame bias. NU broke and retested a level of resistance with bullish structures in play to support the long idea. If all goes well we could expect price to tap back into the high and potentially end the week creating a new high. I'll be targeting a 1:3rr on this set up. We'll see how it goes.
NZD/USD โ Bearish Reversal Expected Below 0.5990โ0.5977 ResistanThe NZD/USD pair is approaching a key resistance zone at 0.5990โ0.5977, which has been tested multiple times and aligns with the upper boundary of a potential corrective structure.
๐น Elliott Wave Context:
The price action appears to be completing a corrective wave (C) structure, indicating that upside momentum may be limited.
This scenario suggests a potential bearish reversal from the resistance zone.
๐น Targets & Levels:
Resistance: 0.5990โ0.5977
First support target: 0.5885
Next major support: 0.5846
๐ Trading Plan:
Watching for bearish confirmation (rejection candlesticks or reversal pattern) below 0.5990โ0.5977
Potential short entries targeting the support levels
A break above 0.5990 would invalidate the bearish setup and suggest continuation to the upside
This chart offers a clear bearish bias while price remains below the resistance zone, supported by Elliott Wave context and previous price action behavior.
New Zealand dollar sharply lower, RBNZ cut expectedThe New Zealand dollar is sharply lower on Tuesday. In the North American session, NZD/USD is trading at 0.5950, down 0.83% on the day. A day earlier, the New Zealand dollar touched a high of 0.6031, its highest level since Oct. 2024.
The Reserve Bank of New Zealand is widely expected to lower rates by a quarter-point to 3.25% on Wednesday. With little doubt about the decision, investors will be focusing on the Reserve Bank's updated forecasts. The markets are looking at another rate cut in July and perhaps one more later in the year, which would lower the cash rate below 3.0%.
The RBNZ has been dealing with a weak domestic economy and a deteriorating outlook for the global economy due to US President Trump's erratic tariff policy. The RBNZ would like to continue trimming rates and restore consumer and business confidence.
New Zealand's inflation was higher than expected in the first quarter at 2.5%, up from 2.2% in Q4 2024. This is within the Bank's inflation target of 1%-3% and means that inflation levels won't prevent the Bank from lowering rates on Wednesday.
US durable goods orders plunges, consumer confidence surges
In the US, Durable Goods Orders declined by 6.3% m/m in April, after a 7.5% gain in March, which was the fastest pace of growth since July 2020. The soft reading managed to beat the market estimate of -7.8%. The Conference Board Consumer Confidence index, which has fallen steadily this year, surged to 98.0 in May, up from 86.0 in April and blowing past the market estimate of 87.0.
We'll hear from more Federal Reserve members on Wednesday, which could provide some insights into the Fed's rate path. The Fed has adopted a wait-and-see stance and is widely expected to hold rates for a fourth straight time at the next meeting on June 18.
NZD/USD has pushed below support at 0.5978 and is testing 0.5955. Below, there is support at 0.5928
There is resistance at 0.6005 and 0.6028