NZDUSD: Important Bullish Breakout 🇳🇿🇺🇸
NZDUSD broke and closed above a significant falling trend line on a daily.
It opens a potential for more growth.
Next resistance - 0.575
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USDNZD trade ideas
NZDUSD: Brace for Another Bearish MovementNZDUSD: Brace for Another Bearish Movement
The NZDUSD pair has recently broken down from a minor bearish pattern near the 0.5750 level. With the US market reopening after a long weekend, the USD is expected to strengthen, increasing the likelihood of a downward movement for the NZDUSD, as illustrated in the chart.
Additionally, the Reserve Bank of New Zealand (RBNZ) is anticipated to cut interest rates by 50 basis points to 3.75% from the current 4.25% on February 19, 2025.
This rate cut could further support the bearish trend.
You may find more details in the chart!
Thank you and Good Luck!
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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 👩💻
NZDUSD - BULLISH MOVEHello Traders !
On friday 10 jan, The NZDUSD reached the support level (0.55585 - 0.55118).
The price broke the resistance level (0.57236 - 0.56928).
So, I predict a bullish move🚀
______________
TARGET: 0.57730🎯
NZD/USD Price Forecast – Double Bottom Breakout Confirmed!NZD/USD has formed a Double Bottom pattern on the 6-hour timeframe, and the neckline breakout is successful—it’s time to trade! With price holding above the EMA 200, bullish momentum is gaining strength. 💰
📊 Technical Analysis:
✅ 💹 Double Bottom Pattern – Strong bullish reversal signal
✅ 📈 Neckline Breakout Confirmed – Entry opportunity for buyers
✅ 📊 EMA 200 Support – Adding strength to the uptrend
🎯 Target Levels:
📌 0.5810 – First short-term target
📌 0.5930 – Final extended target
📢 Trading Strategy:
🔹 Enter after confirmed breakout with strong bullish momentum
🔹 Ensure volume supports the move before entry
🔹 Set stop-loss below the neckline for proper risk management
📈 The trend is strong—follow the move & maximize profits! 🚀💰
📌 Like, comment & follow for more updates! 🔔🔥
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 LONG IDEA Bullish pressure expected this week. Buyers should keep
0.56750 in mind for stops and 0.57516 for targets
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 🫴
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
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.
Seeking to Short Its to clean on the buy side to be hunting and then looking for displacement for a -FVG and then seeking New Week Opening Gap and then 6-7am Time Friday 2/14/2024 to collect as well.
Bullish bounce?NZD/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5664
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 0.5606
Why we like it:
There is a pullback support level.
Take profit: 0.5745
Why we like it:
There is a pullback resistance level.
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Bullish continuation?The Kiwi (NZD/USD) has bounced off the pivot which acts as a pullback support and could rise to the pullback resistance.
Pivot: 0.5691
1st Support: 0.5665
1st Resistance: 0.5753
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.
NZD/USD Strength Persists: Dips Remain Buying OpportunitiesOver the past two weeks, I have drawn attention to major USD pairs, suggesting that a reversal could be imminent and that an upside correction might follow the downtrend from the last quarter of 2024.
NZD/USD is no exception. After finding strong support around the 0.5550 zone, the pair began to reverse to the upside. Following last week’s higher low, it broke resistance on Friday. After an initial correction and confirmation, bulls have regained control.
I expect NZD strength to continue, and as long as 0.5650 holds, there is a high probability of a move toward 0.58 or higher.
In conclusion, buying dips remains a favorable strategy, aiming for a risk-reward ratio of at least 1:2.
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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
Could the Kiwi bounce from here?The price is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.5691
1st Support: 0.5667
1st Resistance: 0.5736
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.
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 0.5692
1st Support: 0.5579
1st Resistance: 0.5798
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.
NZDUSDhello trader, here is another swing trade opportunity, price reached the main liquidity area.. price has rejected couple of times in day tf support.. try to get in as low as possible and use stop loss as suggested below... target is the main resistance zone..
News to watchout, upcoming RBNZ cash rate 02/19
good luck
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.
NZDUSD: Short Trade with Entry/SL/TP
NZDUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short NZDUSD
Entry Point - 0.5735
Stop Loss - 0.5776
Take Profit - 0.5657
Our Risk - 1%
Start protection of your profits from lower levels
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NZDUSD TRADE SETUPWait for retest the entry level and bullish momentum then take a trade for Buy otherwise skip this setup
NZD/USD: Flipping the Script at .5700?NZD/USD struggled above .5700 recently, but now that it’s pushed through, maybe the opposite will hold true. Price action around today’s RBNZ decision—where the bank delivered a third straight 50bp cut and flagged at least two more, possibly three—suggests it might.
The post-decision dip below .5700 was snapped up quickly, casting doubt on the bearish signal from the three-candle evening star pattern completed Tuesday.
If the rebound holds, minor resistance sits at .5723 (Jan 24 high), with a tougher test at .5750, where last week’s rally ran out of steam. A break there puts .5800 and .5888 in play. It’s too early to say whether the rising wedge pattern the Kiwi is trading in will be respected, but that’s another thing for longs to watch.
The price has run a long way just while writing this, but dips towards and below .5700 look like solid long entry points, improving risk-reward while offering nearby levels for stops, like the 50DMA.Momentum indicators are flashing bullish, favouring dip-buying and bullish breaks in the near term.
If NZD/USD were to close beneath the 50DMA, the bullish bias would be nixed.
Good luck!
DS
NZDUSD buymarket interest zone has moved above 0.57. a lot of space ahead. consolidation zone now serves as support
