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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

Heading into 50% Fibonacci resistance?The Kiwi (NZD/USD) is falling towards the pivot which is an overlap resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 0.5866 1st Support: 0.5820 1st Resistance: 0.5908 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.
Short
by ICmarkets
NZDUSD - Short + medium term direction predictionTrend is down on higher timeframes and also down atm on medium term ones. The majority of retail traders are also long this market, adding a confluence to a downside trade. There is a pullback here following a break of some structure that signals continuation on overall trend. The primary target would make a decent short term target as there will be plenty of stop losses sitting below that structure level so I would not be surprised to see an aggressive movement toward this level and even further toward the proposed secondary target marked. I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades. Also keep in mind that I am only providing potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter. This pullback is bringing us back to where the neckline of this head and shoulders are taken out so this might be an area of value but only trade this if its part of your plan.
Short
by Gamblers-Fallacy
1
NZDUSD Daily Analysis: Slight Bullish Bias as Commodity Prices NZDUSD Daily Analysis: Slight Bullish Bias as Commodity Prices and Risk Sentiment Favor the Kiwi 03/12/2024 Introduction NZDUSD is expected to show a slight bullish bias today, driven by strengthening commodity prices, positive risk sentiment, and a weaker U.S. dollar. As the global market outlook improves and key economic factors align in favor of the New Zealand dollar (NZD), the pair is poised to continue its upward trajectory. This article outlines the fundamental and technical factors supporting the NZDUSD bullish outlook for today. --- Key Drivers Influencing NZDUSD 1. Commodity Price Strength New Zealand is a major exporter of agricultural products, and the recent uptick in global commodity prices—especially dairy and meat—has provided substantial support for the NZD. This rise in commodity prices boosts New Zealand’s export revenues, supporting the strength of the kiwi. 2. Risk-On Market Sentiment The broader market sentiment has shifted towards a risk-on mood, with global equities showing signs of recovery. The improved appetite for riskier assets tends to favor currencies like the NZD, which is considered a commodity-linked and higher-yielding currency. 3. U.S. Dollar Weakness The U.S. dollar continues to face downward pressure amid expectations of a dovish Federal Reserve. Market participants have reduced their expectations for further rate hikes, making the USD less attractive relative to other currencies. As a result, the NZD is benefiting from this USD weakness, further supporting the bullish outlook for NZDUSD. 4. Positive Economic Data from New Zealand Recent data out of New Zealand has shown resilience in key sectors like manufacturing and employment. These economic fundamentals provide additional backing for the NZD and suggest that New Zealand’s economy is on solid footing compared to its global counterparts. --- Technical Analysis Moving Averages and RSI NZDUSD is currently trading above its 50-day moving average, which indicates a continuation of the bullish trend. The Relative Strength Index (RSI) is hovering in neutral territory, signaling that the pair has room to move higher without being overbought. MACD and Key Levels The MACD indicator shows a positive momentum shift, with the pair holding above key support levels. Immediate resistance is seen at 0.6350, and a breakout above this level could lead to further gains toward 0.6400. On the downside, support is at 0.6300, which could provide a cushion in case of any pullbacks. --- Conclusion NZDUSD is likely to experience a slight bullish bias today, supported by rising commodity prices, favorable risk sentiment, and ongoing USD weakness. Traders should watch for further signs of upward momentum, particularly if the pair breaks through key resistance levels. However, caution is warranted as market sentiment can shift quickly. --- SEO Tags: - #NZDUSDforecast - #NZDUSDanalysis - #NZDUSDtechnicalanalysis - #ForexTradingNZDUSD - #NewZealandDollarOutlook - #USDWeakness - #NZDUSDtoday - #ForexMarketAnalysis - #NZDUSDprediction
Long
by PERFECT_MFG
NZD/USD Trade Plans For All Scenarios (Tech/Fund Analysis)The NZDUSD alike many other pairs has fallen continually over time, mostly off the back of a stronger USD and some Risk off on geopolitical tensions. The increased concoction of USD strength is dragging the NZDUSD lower. However, it can only really fall for so long without any kickback. Profits, at some point, have to be taken. It is also likely minor sentiment shifts within these moves will occur, giving way to rebounds. The earliest noted resistance is such area we may arrive at if sentiment is still sustaining the downside momentum. If on the other hand, sentiment drastically changes and we see a weaker USD and/or a stronger NZD, we may be taken back to local highs within the sideways movement we have observed over the last year as many economies globally match the US in their easing cycle. Catalysts for US weakness can come from various factors, but namely FED movements/decisions/rhetoric. Awaiting further sentiment inflows. Further falls are more than possible so any new longs can be held off.
Long
by WillSebastian
2
NZD/USD Insight: High-Probability Targets for the Week AheadAnalysis: From the HTF Weekly Chart, NZD/USD highlights critical price action after a long-term sell-side liquidity raid at the equal lows. A recent bullish candle close above the last down candle and the swept lows suggests potential upward momentum, confirming a likely retracement or continuation higher. Key Levels to Watch: Immediate Target: - Buyside liquidity at 0.60364 (minimum target). Potential Reversal Zones: - Bearish breaker at 0.61600, reinforced by a Fair Value Gap (FVG) at 0.61077, making this breaker a high-probability resistance zone. Downside Potential: - If price reacts at the bearish breaker, anticipate a move lower targeting sell-side liquidity at 0.57720, which aligns with the higher timeframe structure. Price dynamics will heavily depend on how price reacts to intermediate levels, particularly the bearish breaker and its confluence with the FVG. Conclusion: - Short-term: Expect price to reach 0.60364. - Medium-term: A reaction at 0.61600 could lead to a reversal targeting 0.57720. - Always trade with confirmation at these key zones.
Long
by INSIDER_INTEL
2