Get started

New Zealand Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

NZDUSD trade ideas

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
Long
by MrStellanSight
New Zealand dollar slips ahead of expected RBNZ cutThe New Zealand dollar is sharply lower on Tuesday.  NZD/USD is trading at 0.5700 in the North American session, down 0.62% on the day. The Reserve Bank of New Zealand meets on Wednesday for the first time this year.  The RBNZ lowered rates by a half-point at the last meeting on Nov. 27 and the markets have priced in another half-point cut on Wednesday at 90%, which would bring the cash rate down to 3.75%.  The central bank held rates for over a year but has aggressively cut rates by 125 basis points in the current easing cycle. The RBNZ has telegraphed its plan to cut rates by a half-point on Wednesday and we could see a limited response from the New Zealand dollar, since the decision has been priced in. Still, the US/New Zealand rate differential will widen and that could spell headwinds in the near term for the New Zealand dollar, which plunged 13% in the fourth quarter 2024 but has gained 1.9% since Jan 1. What can we expect from the RBNZ after tomorrow's anticipated rate cut? The RBNZ's updated forecasts are expected to show the cash rate declining towards 3 percent, but in smaller increments of quarter-point cuts. This will depend on the strength of the economy and the direction of inflation. Another factor which could affect the rate path is the new US administration which has already started imposing tariffs. New Zealand is vulnerable to US tariffs as the US is its second-largest trading partner, accounting for about 12% of New Zealand exports. Even if the US does not target New Zealand with tariffs, the trade war between the US and China has clouded the inflation outlook and is will likely hamper global growth. NZD/USD is putting pressure on support at 0.5691.  Below, there is support at 0.5643 0.5781 and 0.5829 and the next resistance lines
by OANDA
RBNZ Set to Continue Easing This Week; NZD/USD Eyeing ResistanceFollowing the RBNZ cutting its Official Cash Rate (OCR) by 50 basis points (bps) in November 2024, economists and investors expect another bumper 50 bp rate reduction on Wednesday this week – with an outside chance of a more minor 25 bp reduction. A 50 bp (25 bp) adjustment would bring the OCR to 3.75% (4.00%). In addition, markets are also expecting another 75 bps worth of cuts this year. Sluggish Economic Activity I’ve observed little reason to stray from market pricing and expect an additional 50 bp cut this week. Gross Domestic Product (GDP) growth fell into a technical recession in Q3 24 after printing a second consecutive quarter in negative territory; the -1.5% contraction was the lowest figure since Q2 20. Additionally, unemployment has risen to its highest level since late 2020 at 5.1% (Q4 24), and given inflation remains within the RBNZ’s 1-3% target band – Q4 24 inflation increased to 2.2% (matching the 2.2% print in Q3 24) – the central bank has ‘room’ to lower the OCR. With a 50 bp cut largely baked in, and assuming the central bank follows through, I expect a knee-jerk sell-off across New Zealand dollar (NZD) pairs. That said, most focus will be on any change in the rate statement’s language, press conference commentary, and any revisions in the updated economic projections. NZD/USD Vulnerable to the Downside Price action on the monthly timeframe for the NZD/USD (New Zealand dollar versus the US dollar) came within a stone’s throw of testing long-term support from US$0.5511 this month. Anyone following candlestick patterns may note that the current monthly candle is poised to close by way of a bullish engulfing formation. While monthly support is clear, and the bullish engulfing pattern indicates buyers may want to explore higher terrain, the rebound in October 2022 failing to print a meaningful high may concern long-term bulls. Couple this with the overall long-term trend facing south, and any higher rebound could be short-lived. This brings me to the daily timeframe’s structure. Friday wrapped up pencilling in a dominant higher high (US$0.5738), reaching levels not seen since December 2024. What I also find interesting is although we have a higher high, this move represents a possible D-leg to an equal AB=CD resistance between a 200% extension ratio of US$0.5804 and horizontal resistance at US$0.5774, along with a 100% projection ratio (the equal AB=CD structure) at US$0.5789 nestled within the zone. Consequently, although monthly price is testing a support area, my base case is that the path of least resistance remains to the downside for the NZD/USD. Daily resistance between US$0.5804 and US$0.5774, therefore, will be on my watchlist this week. Written by FP Markets Market Analyst Aaron Hill
Short
by FPMarkets
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.
Long
by riojulianprt62512
#NZDUSD 4HNZDUSD (4H Timeframe) Analysis Market Structure: The price is forming an expanding pattern, indicating increased market volatility and potential bearish movement. This pattern suggests that price swings are widening, with lower lows and higher highs, often leading to a strong directional move once a breakout occurs. Forecast: A sell opportunity is anticipated as the expanding pattern signals possible downside movement, especially if price rejects a key resistance area. Key Levels to Watch: - Entry Zone: A sell position can be considered near the upper boundary of the expanding pattern or after confirmation of bearish rejection. - Risk Management: - Stop Loss: Placed above the recent swing high to manage risk. - Take Profit: Target lower support zones based on previous price action. Market Sentiment: The expanding pattern reflects increasing price fluctuations, and if sellers gain control, a strong bearish move can follow. Confirmation through price action and volume analysis will help validate the trade setup.
Short
by PIPSFIGHTER
Profitable Insights on NZDUSD: Time to Sell!As we dive into the NZDUSD currency pair, the prevailing strategy from our EASY Trading AI indicates a clear direction — a sell opportunity. The current entry price is set at 0.57344, with a take profit target at 0.5711 and a stop loss placed at 0.57535. Why are we favoring a selling position? Well, recent market trends indicate several bearish signals. Economic data from New Zealand has shown signs of weakening, impacting investor sentiment. Additionally, speculation around interest rate movement by the Reserve Bank of New Zealand could drive the NZD lower against the USD. With the market's volatility playing a crucial role, our analysis using the EASY Trading AI confirms that the setup is conducive for a potential downtrend. This strategy has proven beneficial by focusing on statistical backtesting to locate reliable entry and exit points, streamlining our risk management process. As always, remember to stay informed about overall market conditions. Although this trading plan leans towards a sell, flexibility is essential. Markets can shift rapidly, and being prepared is part of a successful trading strategy. Happy trading!
Short
by ForexRobotEasy
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 💰💰💰
Short
by FM-ForexMastermind
1