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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZD/USD looking very bearish over the longer termLooking at the 6 month candlesticks, whereby each candlestick represents 6 months of price action, every time this pair has put in a bottom it has done so relatively quickly and started an uptrend. The past 4 years have been different though. It has been testing the .55 level since 2020. The Covid Rally was formidable but it came right back down in 2022 and has not caught a strong bid. This presents a bearish case in my opinion. If it were to put in a massive rally from here that would be very anomalous from a price action perspective. .55 doesn't offer as strong a historical support as .50(ish) does. If this pair trades down and breaks the 2020 lows it will quickly go to .50 with strong follow-through. Side note: are we really to ignore the massive multi decade head and shoulders pattern is has formed? I will not. This pair is headed down below .50 by next year sometime in my opinion.
Short
by ECMetts2112
2
NZDUSD Wave Analysis 18 December 2024 - NZDUSD broke long-term support level 0.5770 - Likely to fall to support level 0.5500 NZDUSD currency pair earlier broke below the long-term support level 0.5770 (which acted as the lower border of the weekly sideways price range inside which the pair has been trading from the start of 2023). The breakout of the support level 0.5770 accelerated the active impulse wave C of extended downward ABC correction (2) from last year. NZDUSD can be expected to fall further to the next support level 0.5500 (former multiyear low from 2022 and the target price for the completion of the active impulse wave C).
Short
by FxProGlobal
New Zealand slides after Fed rate cut, NZ GDP nextThe New Zealand dollar has declined sharply on Wednesday. In the North American session, NZD/USD is trading at 0.5685, down 1.2% on the day. The New Zealand dollar has been in freefall, plunging 11.6% since Oct. 1. New Zealand's economy is expected to contract in the third quarter by 0.4% q/q, after a 0.2% decline in Q2. If the economy  contracted for back-to-back quarters as expected, it would mean that the economy is in a technical recession.  Construction and manufacturing activity declined in the third quarter and a severe power crisis led to a decrease exports, all of which dampened GDP. The Reserve Bank of New Zealand slashed rates by 50 basis points last month, lowering the cash rate to 4.25%. The central bank has trimmed rates by 125 bp since August but the economy is clearly in need of further cuts. Inflation is back within the target of 1% to 3% and we can expect another cut at  the next meeting in February barring a surprise jump in inflation. There wasn't much excitement around today's Federal Reserve meeting, as the market had priced in a quarter-point cut at close to 100%. This is exactly what happened, as the Fed cut rates for a third time this year. The Fed signaled that it expected to cut rates only two times in 2025, lower than previous projections of four rate cuts. With the US economy in solid shape and the downswing in inflation stalled, the Fed can afford to take its time before the next rate cut. The market will hear from Fed Chair Powell shortly. Powell could reiterate that the Fed plans to cut rates "gradually", which means modest cuts of 25 basis points. NZD/USD is testing support at 0.5715. Next, there is support at 0.5665 There is resistance at 0.5801 and 0.5849
by OANDA
NZDUSD Shows a Complex Scenario Ahead of FED Interest Rate DecisNZDUSD Shows a Complex Scenario Ahead of FED Interest Rate Decision Today, NZDUSD presents a very complex scenario with potential moves in both directions ahead of the FED Interest Rate Decision. The FED is expected to cut rates by 25 bps to 4.5%. However, the main focus will be on Chair Powell's speech. Technical Analysis: The price is moving in a clear bearish trend, and during the last week, it began to contract. Currently, it is showing a bearish triangle pattern, but it could also be a reversal pattern. Therefore, we are looking for confirmation. A move below 0.5752 may push the price down to 0.5700, after which we could see the bullish wave resuming. Given that NZDUSD is in oversold conditions, the downside may be limited. If the price moves above 0.5785, it may rise to 0.5830, and if it holds, it may further rise to 0.5880. 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
5
NZDUSD H1 Short At Market TP +100 pips🔸Hello traders, let's review the H1 chart for NZDUSD today. Price contained withing sliding bear channel previously rejected multiple times from overhead resistance. 🔸Currently expecting price to clear S/R and complete the break of structure pattern near 5820 then dump to 5750 / 5700. 🔸Previously rejected from overhead resistance, sequence of lower highs in progress and expecting yet another rejection into double top and also re-action with the bear channel. 🔸Recommended strategy for NZDUSD traders: short at market now, SL 40 pips TP1 +60 pips TP2 +100 pips final exit at 5750. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
12
Market Analysis: NZD/USD Sink Further, Losses Mount Market Analysis: NZD/USD Sink Further, Losses Mount NZD/USD is also moving lower and might extend losses below 0.57350. Important Takeaways for NZD/USD Analysis Today - NZD/USD declined steadily from the 0.5790 resistance zone. - There is a short-term bearish trend line forming with resistance at 0.5750 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.5790 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5765 against the US Dollar. The pair settled below the 0.5755 level and the 50-hour simple moving average. Finally, it tested the 0.5735 zone and is currently consolidating losses. Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.5792 swing high to the 0.5736 low at 0.5750. There is also a short-term bearish trend line forming with resistance at 0.5750. The next resistance is the 0.5765 level or the 50% Fib retracement level of the downward move from the 0.5792 swing high to the 0.5736 low. If there is a move above 0.5765, the pair could rise toward 0.5790. Any more gains might open the doors for a move toward the 0.5810 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5735 level. The next major support is near the 0.5710 zone. If there is a downside break below 0.5710, the pair could extend its decline toward the 0.5665 level. The next key support is near 0.5640. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
NZDUSD forming a bottom?NZDUSD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 0.5750. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5775 will confirm the bullish momentum. We look to Buy at 0.5750 (stop at 0.5720) Our profit targets will be 0.5825 and 0.5850 Resistance: 0.5775 / 0.5800 / 0.5825 Support: 0.5750 / 0.5725 / 0.5700 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
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Long
by Thief_Trader
2
BULLISH NZDUSD PREPARING FOR FLASH PMI TOMMOROW From a technical standpoint, The NZDUSD remains firmly entrenched in a bearish trend. The pair is nearing critical support at the 0.5740 level which is seems ti have been breached and could possibly pave a further decline. The NZD/USD pair extended it's downward trajectory on Friday thereby retesting very interersting zones that helped me come up with this analysis. The sustained weakens in the NZDUSD reflects a combination of factors including a dovish stance by the Reserve bank of NZ persistant concerns over China's economuc recovery and robust USD supported by shifting federal reserve monetary policy expectations. This particular analysis I'm cutting corners looking for bullish sentiments based on tomorrows PMI DATA. The NZDUSD pair has been left at the mercy of a broader market sentiment and traders appear reluctant to take aggressive positions ahead of the upcoming FOMC meeting this week. The meeting is expected to provide further insight into Fed's policy outlook and could potentially influence the pair's trajectory in the near term hence the bullish outlook I'm looking to get inside buy positions Trade recommendation BUY NZDUSD SL 0.575336 TP 1 - 0.577769 TP 2 - 0.578698 TP 3 - 0.579761
Long
by XAUSEER
Let’s Get Kiwi with It: Time to Long NZD/USD!remember that trading is like a box of chocolates, you never know what you're gonna get. So, let's dive in: Interest Rate Differentials: The Reserve Bank of New Zealand (RBNZ) and the US Federal Reserve may have different stances on interest rates. If the RBNZ is expected to raise interest rates or the US Federal Reserve is expected to lower them, this could lead to an appreciation of the NZD/USD pair. It's like a seesaw, when one goes up, the other goes down. Unless it's broken, then you're just sitting on the ground. Economic Indicators: Economic indicators such as GDP growth, unemployment rate, inflation, and consumer sentiment can influence the exchange rate. If the New Zealand economy is expected to perform better than the US economy, this could lead to an appreciation of the NZD/USD pair. It's like a race, and right now, the Kiwi bird might just be wearing the running shoes. Commodity Prices: New Zealand is a major exporter of commodities, especially dairy products. If milk prices are expected to rise, this could lead to an appreciation of the New Zealand dollar. So, if you see a cow, thank it for potentially boosting your profits. Political Risks: Political events and policy changes can influence exchange rates. If there are political risks in the US that are expected to negatively impact the US economy or if there are positive political developments in New Zealand, this could lead to an appreciation of the NZD/USD pair. Politics, am I right? It's like a soap opera but with potentially more drama. Market Sentiment: Market sentiment can influence exchange rates. If traders are bullish on the New Zealand dollar or bearish on the US dollar, this could lead to an appreciation of the NZD/USD pair. Remember, the market is like a party. You want to join when everyone is having fun, not when everyone is leaving. Technical Analysis: The NZD/USD pair may be at a key support level, and a reversal pattern may be forming. If the pair breaks above this level, it could signal a move upwards. It's like reading tea leaves, but instead of predicting your future love life, you're predicting currency movements. Remember, these are potential reasons and the actual movement of the NZD/USD pair will depend on a variety of factors. It's important to conduct thorough research and consider the potential risks before making a trading decision.
Long
by FtradeFXArabic