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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

NZD/USD MAY Slide Down#trading_idea #NZDUSD 💡 🥝Pay Attention to NZD/USD! On the 1-hour chart, the price is moving within a short-term ascending channel, showing growing bullish strength. However, the MACD indicates a potential correction downward. Meanwhile, the kiwi dollar surged to an eight-month high of $0.6295, fueled by an upbeat business outlook survey revealing a significant rise in confidence, the highest in a decade. The currency is currently up 0.73% to $0.6291, showing strong support following the Reserve Bank of New Zealand's recent rate cut and signals of possible future cuts. 🔼If the price rebounds from the lower lone of the uptrend channel we may see retest 0.6299 resistance. 🔽Otherwise, if the price breaks down the trendline rebound slide towards support 0.626 is likely. 👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease. ➡️GET $20,000 JUST FOR $99
Short
by sabiotrade
1
NZD/USD: Watch for Key Levels as Uptrend Faces ResistanceNZD/USD is in a strong uptrend but is currently slightly overbought. The NZD/USD pair could potentially rise again within the 0.6219 to 0.6255 range, as the risk-to-reward ratio favors the upside in this range. If the price indeed turns higher, it might reach this morning's high of 0.6297, followed by 0.6340. However, a drop below 0.6219 could trigger profit-taking, driving the price down to 0.6192. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Long
by ThinkMarkets
2
Probability-Driven NZDUSD Long: 54% Chance of Reaching TargetI'm sharing a bullish trade idea for NZDUSD, supported by several key fundamentals. The U.S. dollar is weakening due to expectations of interest rate cuts by the Federal Reserve, which is beneficial for the New Zealand dollar. Additionally, New Zealand's economy is showing resilience, especially with favorable trade balance data and stable commodity prices, particularly in dairy exports. To find the best entry points for my long positions, I will use my X1X2 strategy, which focuses on identifying high-probability trade setups. This strategy involves analyzing recent price swings where the probability of a successful trade is over 54%. 12M: 1W: 6H: Short-term 6H is holding bullish, aligning with our 1W bias.
Long
by Jasminex1x2
NZDUSD to continue in the upward move?NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6235 will confirm the bullish momentum. The measured move target is 0.6275. We look to Buy at 0.6220 (stop at 0.6200) Our profit targets will be 0.6270 and 0.6275 Resistance: 0.6250 / 0.6270 / 0.6275 Support: 0.6225 / 0.6220 / 0.6210 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.
Long
by OANDA
NZDUSDNZDUSD have some potential for upside with target at 0.63. All setup on chart. Traders should not use my plans as signals; they are meant to share my market perspective based on price reactions to key levels. Relying on others' signals limits your learning and causes insecurity. Instead, use my plans to enhance your strategy. Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell. Learning from others is important, but copying them won't make you a professional. Developing your own strategy and critical analysis skills is crucial for long-term success. Always trust your judgment and focus on continuous learning to improve your skills. Your trading is your responsibility. Choose a good risk management.
Long
by miketiger
Massive triangle forming in NZDUSDPrice action has been building this triangle pattern for quite a long time now, starting its formation back in late 2022. Assuming price doesn't break out prematurely, it appears the trend is timing its setup to break free early next year, perhaps around the time of the US presidential inauguration? At price's current point, I am looking for a long setup, as both the weekly candle appears to be respecting the bottom trendline of the triangle with a convincing rejection, and the fact that RSI is showing way oversold conditions on the daily timeframe.
Long
by CJBlueNorther
$NZDUSD | Sell Trade | Market Exec |Technical Confluences: Price action is in Overbought conditions for Daily and Weekly Timeframe Price bounced off the 38% Fibo retracement Price is also rejecting the Resistance trendline Price action also reversed away from an Interest Zone Fundamental Confluences: With all other Central Banks in the DM space wanting to cut rates, it negates off the yield premium that NZD would be getting against USD Market is consolidating after all the USD sell-off and profit-taking mood is here now ----- Took a short position here targeting the 38% Fibo extension level while will look to cut above the Interest Zone. Risk/Reward ratio is at 2.41. Price should not break above the Resistance trendline to affirm the recent price has topped out. -----
Short
by weekendanalyst
2
NZD/USD POTENTIAL UP ? Hello everyone, I'm here to share my views on NZD/USD. Please note that this is purely my personal opinion. As observed from last week's candlestick data, NZD/USD managed to rise from a low of 0.60464 to a high of around 0.62365. From last week's close, NZD/USD has dropped to 0.61942. It is now around 0.62253 and has the potential UP TO 0.62619 - 0.63034 Feel free to share your thoughts on my view, and I apologize if my English isn't perfect as I used a translation tool.
Long
by zPIRATEKING
4
Double Bottom LongGood day traders, i know it has been a while since i published any ideas but i am back now. Lets get into it, so on the idea above we clearly see that NZDUSD has been strongly bullish for the past few weeks and it formed what we can agree to be a Double Bottom formation on Support level(0.58945-0.58575) and i believe price is heading for Resistance(0.63366-0.64094). It is up to you to figure out how it is going to go about getting to this resistance, meaning find entries that accommodate your accounts. Thank you
Long
by madanhileeroy
2
NZDUSD: Potential Range Trading OpportunityNZDUSD: Potential Range Trading Opportunity The price shows the possibility that a Potential Range Trading Opportunity could develop. This pattern could push the price back down even though we are in an uptrend. It's a risky, but everything has to be corrected at some point. 1-) As long as the price develops below 0.6235 it should move down again. 2-) If the price moves above 0.6235 then the bullish trend may resume again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni