400 pips drop on NZDUSD in the coming weeks ??As the Dollar Index TVC:DXY strengthens, most of the major FX pairs are gearing up for massive drop or have started dropping already. One of these pairs is OANDA:NZDUSD which is about to drop 400 pips in the coming days.
OANDA:NZDUSD having formed a Double Top chart pattern, the bullish momentum of the TVC:DXY has caused a break of the neckline of the above mentioned chart pattern.
Below are the expected targets for this setup
TP1: 0.57
TP2: 0.55
SL: 0.60
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NZDUSD trade ideas
Falling towards Fibonacci confluence?NZD/USD is falling towards the support level which is a pullback support that lines up with hte 161.8% and the 145% Fibonacci extension, slightly above the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection, and could bounce from this level to our take profit.
Entry: 0.5831
Why we like it:
There is a pullback support level that lines up with the 161.8% and the 145% Fibonacci extension, slightly above the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection
Stop loss: 0.5796
Why we like it:
There is a pullback support level that lines up with the 100% Fibonacci projection.
Take profit: 0.5893
Why we like it:
There is a pullback resistance level.
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NZDUSD is preparing for a reversal and a fallNZDUSD is in consolidation and preparing to exit it. Ahead is possible breakout of trend support and fall to 0.5757
The reason is as follows: change of fundamentals background (positive signals on tariff war), dollar growth and market reversal.
Scenario: break of consolidation support at 0.5885, price consolidation below this level - this will be a signal ready to start distribution, i.e. downward movement.
Primary target 0.5 fibo, secondary target 0.7 fibo
Market Analysis: NZD/USD Ready to Climb AgainMarket Analysis: NZD/USD Ready to Climb Again
NZD/USD is also rising and could aim for a move above the 0.5945 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating above the 0.5915 support.
- There was a break above a connecting bearish trend line with resistance at 0.5910 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 AUD/USD. The New Zealand Dollar formed a base above the 0.5900 level and started a decent increase against the US Dollar.
The pair climbed above the 0.5980 resistance. It tested the 0.6020 resistance before there was a pullback. The recent low was formed at 0.58704 and the pair is again rising above the 50-hour simple moving average.
There was a break above a connecting bearish trend line with resistance at 0.5910. The pair cleared the 0.5915 resistance and the 23.6% Fib retracement level of the downward move from the 0.6022 swing high to the 0.5870 low.
The NZD/USD chart suggests that the RSI is back above 50 signaling a positive bias. On the upside, the pair is facing resistance near the 50% Fib retracement level of the downward move from the 0.6022 swing high to the 0.5870 low at 0.5945.
The next major resistance is near the 0.5985 level. A clear move above the 0.5985 level might even push the pair toward the 0.6020 level. Any more gains might clear the path for a move toward the 0.6050 resistance zone in the coming days.
On the downside, there is a support forming near the 0.5915 zone. If there is a downside break below the 0.5915 support, the pair might slide toward 0.5870. Any more losses could lead NZD/USD in a bearish zone to 0.5810.
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Short trade
4Hr TF overview
🟥 Sellside Trade Log
📉 Pair: NZD/USD
🏷️ Type: Intraday | Tokyo Session AM
🧠 Setup: Descending Channel Breakdown
🆔 Trade ID: #NZDUSD-0512A
📅 Date: Monday, 12th May 2025
🕐 Time: 1:00 AM
🔹 Entry Price: 0.59251
🔹 Profit Target: 0.58484 (-1.28%)
🔹 Stop Loss: 0.59443 (+0.34%)
🔹 Risk-Reward Ratio: 3.99
🔍 Reasoning:
Sellside trade executed following a breakdown from a descending channel formation during the Tokyo AM session. Price action respected the upper trendline multiple times before failing to hold mid-channel support. The breakdown confirmed bearish intent with increased momentum and order flow alignment. Target set below the channel’s lower boundary, aiming to capture liquidity resting beneath the structure.
Sell at the current zone and aim to buy at 0.55000Trading Journal Entry –
Trade Setup:
Considering a sell limit order around the 0.59441 level and a potential buy setup near the 0.55000 zone.
Rationale:
On the higher timeframes (H4/Daily/Weekly), the 0.59441 level aligns with a well-established resistance zone, where price has previously stalled or reversed. This zone also coincides with a prior distribution area, suggesting a likelihood of renewed selling pressure if price retests this level. The market has recently shown signs of a corrective pullback within a broader bearish trend, and 0.59441 appears to be a key level where sellers may re-enter.
Conversely, the 0.55000 zone is being monitored as a major long-term support level, with historical significance dating back to previous market cycles. Price has found strong buying interest at this zone in the past, making it a high-probability area for a potential reversal or accumulation phase should price revisit this region.
NZDUSD Will Collapse! SELL!
My dear subscribers,
This is my opinion on the NZDUSD next move:
The instrument tests an important psychological level 0.5975
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target -0.5943
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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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WISH YOU ALL LUCK
NZD/USDNZD/USD Has Broken To The Upside In The Daily Timeframe Signalling A Move Higher.
I've Pulled The Fib Retracement Indacating A Retracment Back Down To The Daily Fair Value Gap Around The 71% Zone. Once It Reaches That Zone I Will Be Looking For A Sweep Of Liquidity In The 15M Timeframe Which Ive Marked, From There I wIll Look For A Swing Trade Long Targeting The Top Of The Fib For A Take Profit.
Trade Safefully.
HK
NZDUSD - Elliott Wave Setup: Eyes on the Buy Zone!NZDUSD - 3D Chart Elliott Wave Outlook
We've been tracking NZDUSD over the years and each move continues to align with Elliott Wave Theory.
The current structure is unfolding as a large ABC corrective pattern.
- Wave A and the complex Wave B (WXY) are now complete.
- We're now in Wave C, and we expect it to target the highs of Wave A.
Recently, NZDUSD made a clear bullish impulse but has been consolidating for the past 3 weeks. This correction is likely to resolve with a bullish breakout.
We've marked a buy zone between the 38.2% and 50% Fibonacci retracement levels, which we believe is the ideal entry area. We'll be watching this zone closely for lower timeframe bullish confirmations like a break of structure (BOS) or trendline break.
Trade Plan:
- Wait for price to enter the buy zone
- Look for bullish confirmations (BOS, trendline break)
- Enter after confirmation, with stops below the corrective lows
- Targets: 0.63 (500 pips), 0.65 (700 pips)
Goodluck and as always, Trade Safe!
NZDUSD Set To Grow! BUY!
My dear followers,
This is my opinion on the NZDUSD next move:
The asset is approaching an important pivot point 0.5909
Bias - Bullish
Safe Stop Loss - 0.5885
Technical Indicators: Supper Trend generates a clearlong long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5948
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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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WISH YOU ALL LUCK
potential buy idea NZDUSDA potential buying opportunity is emerging as the price breaks out of a descending trendline, fueled by a successful test of daily support and a bullish divergence on the 4-hour chart. The price has been creating higher highs, indicating a shift in momentum.
Key levels to watch:
1. Retest of the broken trendline for a potential long entry.
2. Break and retest of the 4-hour order block above, offering a secondary buying opportunity.
PS: This analysis is for educational purposes only and should not be considered financial advice. Always practice good risk management.