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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

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
NZD/USD "The Kiwi" Forex Market Heist Plan on BullishHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist NZD/USD "The Kiwi" Forex Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 2H timeframe Target 🎯 : 0.59600 Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
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
NZD/USD Bears Remain in ControlSince early October, sellers have largely taken control of the NZD/USD (New Zealand versus the US dollar) and sent price to lows not seen since late 2022, with limited pullbacks seen. Overall, the currency pair is down nearly 10% from October highs. Ichimoku Resistance Supporting Sell-On-Rally Setups What is technically important to recognise is that the current downtrend remains supported by the area formed between the Ichimoku’s Conversion Line (blue at US$0.5830) and Base Line (red at US$0.5892). Consequently, as long as the pair continues to explore lower levels, any pullback will likely prompt traders to closely monitor price action for signs of bearish intent from within the aforementioned area. Adding to the bearish outlook for the NZD/USD, in addition to the 200-day simple moving average (US$0.6050) rotating lower, and price crossing south of the line in early October, it is clear that the Ichimoku’s Leading Span A (light green at US$0.5861) crossed below the Leading Span B (light orange at US$0.6012). This provides a bearish signal and helps establish another resistance area that investors will watch closely should a deeper pullback come to fruition: the Ichimoku Cloud. Price Direction? With the downtrend clear, should a pullback to resistance at US$0.5816 materialise – which, at that point, will likely line up with the resistance area between the Ichimoku’s Conversion/Base Lines – this could be an area that sellers are drawn to.
Short
by FPMarkets