NZDUSD Ready for a Bullish MoveHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD trade ideas
NZDUSD Cup Pattern: Bullish Breakout Targeting 0.60NZDUSD is currently trading at 0.57 and forming a classic cup pattern, signaling a potential bullish continuation toward the 0.60 target. The cup pattern is a well-known technical formation that typically indicates a period of accumulation, followed by a breakout to the upside. If the price breaks above the resistance level at the cup’s rim, it could trigger strong buying momentum, pushing NZDUSD higher.
From a technical standpoint, the cup pattern suggests that the market has undergone a correction and is now regaining strength. A confirmed breakout above the neckline would validate the bullish setup, with 0.60 as the next major resistance level. Traders should watch for increasing volume and bullish candlestick confirmations to strengthen the breakout scenario.
Fundamentally, the New Zealand dollar’s movement depends on risk sentiment, US economic data, and Reserve Bank of New Zealand (RBNZ) policies. If the US dollar weakens due to expectations of Federal Reserve rate cuts or softer economic data, NZDUSD could gain additional upside momentum. Additionally, any hawkish signals from the RBNZ regarding inflation and interest rates could further support the bullish outlook.
In summary, NZDUSD is forming a bullish cup pattern, with a potential breakout targeting 0.60. A strong breakout above the resistance could accelerate the bullish move, supported by both technical patterns and fundamental factors. Traders should monitor global risk sentiment, US dollar trends, and RBNZ statements to confirm the momentum shift.
Friday quant zones setups planning
zones for gbpusd and audusd also shared
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
Do ask if you have any question
Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice
Bearish reversal off pullback resistance?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.5781
1st Support: 0.5743
1st Resistance: 0.5809
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.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Next draw of liquidity: NzdUsd0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in.
Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779
I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month.
Kindly boost if you find this insightful 🫴
Bullish rise?NZD/USD has reacted off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 0.5743
Why we like it:
There is a pullback resistance.
Stop loss: 0.5693
Why we like it:
There is an overlap support level.
Take profit: 0.5808
Why we like it:
There is an overlap resistance that is slightly above the 161.8% Fibonacci extension.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
NZD/USD 1-Hour Chart Analysis –📊 NZD/USD 1-Hour Chart Analysis – Feb 20, 2025
🔹 Current Price: 0.57239 (-0.11%)
🔻 Recent High: 0.57324
🔻 Recent Low: 0.57031
🔴 200 EMA: 0.56935 (Acting as support)
🧐 Key Observations:
✅ Bullish Structure: The price has been trending upwards with higher lows, showing strength.
✅ Support Zone: A key support zone around 0.5720 - 0.5730 (highlighted in orange).
✅ Trendline Retest: Price is currently testing the support zone, potentially setting up for a bounce.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers hold the support zone, a bounce toward 0.5740 - 0.5750 could be in play 🚀.
🔹 Bearish Case: A break below 0.5700 could lead to a deeper pullback towards 0.5670 - 0.5660 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for confirmation (e.g., bullish candlestick patterns) around the orange support zone for long entries.
📌 Sell Setup: If the price breaks below 0.5700, consider short positions with targets around 0.5670.
🔥 Final Thoughts: The trend remains bullish unless we break below key support levels. Watch price action near the support zone for potential opportunities!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #NZDUSD #Forex
NZDUSD Break & Retest – Bullish Continuation in Play?OANDA:NZDUSD has broken above a key resistance zone near 0.57000 and has now pulled back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the 0.57860 level, which serves as a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have!
NZDUSD Bullish breakout retestThe NZDUSD currency pair sentiment appears neutral, supported by the longer-term sideways consolidation trading range. The recent price action appears to be an oversold bullish flag pattern, however, it needs to be taken in consideration as a part of the longer-term sideways consolidation. This could be indicative of intraday Bulls and Bears fight for dominance.
The key trading level is at 0.5600, the current swing low range from 12th February 2025. A continuation of the selling pressure below the 05625 level and a daily close below the 0.5600 support level could target additional downside support at 0.5550 followed by the 0.5517 and 0.5500 levels over the longer timeframe.
Alternatively, an oversold rally from the current levels and a confirmed breakout above 0.5700 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 05735 resistance followed by 0.5760 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
NZDUSD has formed a head and shoulders bottom patternOn the daily chart, NZDUSD formed a head and shoulders bottom pattern. At present, attention can be paid to the resistance near 0.5800, and after breaking through, it will go to around 0.5928. During the day, attention can be paid to the long opportunities in the 0.5700-5710 area.
NZDUSD📉 NZDUSD Short Trade Executed: Initiated a sell position on NZDUSD, anticipating further downside due to recent economic indicators. The Reserve Bank of New Zealand's decision to lower the Official Cash Rate by 50 basis points to 3.75% suggests a dovish monetary stance. Additionally, the pair is encountering resistance around the 0.5738 level, indicating potential for continued bearish momentum.
NZD/USD Trend for Upcoming US FOMC MeetingNZD/USD news:
🔆The Reserve Bank of New Zealand (RBNZ) delivered a widely expected 50 basis point rate cut, reducing the Official Cash Rate (OCR) to 3.75%, in line with both previous expectations and the central bank’s previous guidance. However, the most notable dovish change came from the updated OCR guidance, which indicates a faster approach to the median 3% by year-end, now projected at 3.1% rather than the previous forecast of 3.6% in November. The revised trajectory suggests a further 50 basis point cut in the second quarter, likely split into two 25 basis point cuts in April and May, followed by a 25 basis point cut in the third quarter and a potenti
🔆Inflation forecasts point to a divergence between tradable and non-tradable goods. The RBNZ has revised its tradable goods inflation forecast upward, citing the depreciation of the NZD, rising oil prices and trade uncertainty. Meanwhile, non-tradable inflation is expected to continue to decline due to weak domestic demand and a cooling labour market. Growth forecasts remain subdued, with the output gap widening further into negative territory. The RBNZ believes the market reaction has been measured, as early easing has been priced in.
🔆While maintaining their final rate forecast at 3% for the end of the year, they revised their forecast to account for a further 25 basis point cut in Q2, bringing their Q2 end forecast to 3.25%, down from their previous estimate of 3.50%. Their Q3 forecast remains unchanged at a 25 basis point cut, taking the OCR to 3.00%, down from their previous forecast of 3.25%, with a possible pause until the end of the year. The risk remains that the RBNZ could accelerate the pace of easing if growth weakens further or slow the trajectory if inflation becomes more persistent.
Personal opinion:
🔆The USD is expected to strengthen after the FOMC meeting tonight, the NZD is currently being sold off after the Official Cash Rate announcement and is expected to continue to decline in the short term.
Technical analysis:
🔆Based on important resistance - support zones and trend lines combined with published basic economic information
Plan:
🔆 Price Zone Setup:
👉Sell NZD/USD 0.5700 – 0.5720
❌SL: 0.5760 | ✅TP: 0.5660 – 0.5610 – 0.5570
FM wishes you a successful trading day 💰💰💰
NZD/USD - Bullish Engulfing at Support for Long Entry📈 Trade Idea: Long NZD/USD
Analysis:
Price formed a bullish engulfing candle at the 0.5700 key support level, signaling strong buying pressure. This level previously acted as resistance and has now turned into support, confirming a potential continuation of the uptrend.
Trade Plan (Based on Chart Setup):
🔹 Entry: 0.5714 (bullish engulfing confirmation)
🔹 Stop Loss: 0.5694 (below structure, invalidates setup)
🔹 Take Profit: 0.5775 (next resistance zone)
Why this trade?
✔️ Bullish engulfing pattern at key support
✔️ Break-and-retest confirmation of previous resistance as support
✔️ Strong uptrend continuation setup
📌 Looking for price to stay above 0.5700 to maintain bullish bias.
NZD/USD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
RBNZ lowers rates by 50 bps, NZ dollar gains groundThe New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.5721 in the European session, up 0.31% on the day.
The Reserve Bank of New Zealand slashed the cash rate by 50 basis points, bringing the cash rate to 3.75%. The markets had priced in the cut at 90% so there was no surprise at the jumbo cut. This lowered the cash rate to its lowest level since Nov. 2022. The RBNZ demonstrated again that it can be aggressive, as it has cut rates by 175 basis points since the easing cycle started last August.
The New Zealand dollar is stronger on Wednesday, which is somewhat surprising, given the jumbo rate cut and the RBNZ's signal that further rate cuts are on the way in the coming months.
The rate statement noted that the members were confident lowering rates as CPI remained near the midpoint of the 1%-3% target band. At the same time, members expressed concern that economic activity in New Zealand and abroad were "subdued" which posed a risk to economic growth.
The statement also made a brief mention of "trade restrictions" which could dampen economic growth. No mention was made of US President Trump's tariff threats but policymakers are clearly concerned that US tariffs, even if not aimed directly at New Zealand, could chill the global economy and hurt the country's key export sector.
In a follow-up press conference, Governor Adrian Orr said that the Bank expected to lower the cash rate to 3% by the end of the year. This forecast was lower than the November projection of 3.2% by year's end. The central bank is expected to deliver smaller rate cuts of 25-bps in the coming months.
NZD/USD is testing resistance at 0.5713. Above, there is resistance at 0.5731
0.5686 and 0.5668 and the next support levels
Lingrid | NZDUSD Trend Continuation Trade. LongFX:NZDUSD market continues to establish higher highs and higher lows, showing bullish momentum. It broke and closed above the key level of 0.570000. Overall, the market is forming an ABCD move. The price pulled back towards the support level, then bounced off it, taking out the liquidity below. Furthermore, on the daily timeframe, the price made a fake breakout of the previous day's low. Considering this fake breakout, it could signal a trend continuation, completing the ABCD move. I expect the price moving higher, potentially retesting the November low. My goal is resistance one around 0.57800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻