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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZD/USD low in?The NZD/USD has bounced strongly off its overnight lows, following a sharp drop below 0.5860 support where it had bounced in July. If it can post a daily close above its opening level, it will created a hammer-like candle on the daily to suggest a major has been formed. But let's wait for that confirmation and US ISM services PMI data before turning bullish on the NZD/USD. The unwinding of carry trades continued to be the main trend overnight, leading to significant fluctuations in currencies such as the Japanese yen and Swiss franc, while stock indices and US futures declined. Once the equity markets stabilize, other currencies may start to strengthen against the dollar. Currently, only the euro has shown any notable strength, besides currencies with lower interest rates like the JPY, CHF, and CNH. The overall outlook for the US dollar is likely to become more negative as the equity markets stabilize, given the recent sharp adjustments in US interest rates. By Fawad Razaqzada, market analyst at FOREX.com
by FOREXcom
Sell NZD/USD Channel Breakout (Today NFP)The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.5952, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.5907 2nd Support – 0.5880 Stop-Loss: To manage risk, place a stop-loss order above 0.5984. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
9
Bearish drop?NZD/USD has reacted off the resistance level which is an overlap resistance that is slightly above the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.5980 Why we like it: There is an overlap resistance level which is slightly above the 38.2% Fibonacci retracement. Stop loss: 0.6005 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Take profit: 0.5918 Why we like it: There is a pullback support level which lines up with the 50% Fibonacci retracement. 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.
Short
by VantageMarkets
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap resistance and could potentially drop to the 1st support level. Pivot: 0.5980 1st Support: 0.5904 1st Resistance: 0.6037 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
1
Find the bottom of AUDUSDThe Australian Dollar trades around 0.6500 on Wednesday. The daily chart analysis shows that the AUD/USD pair has broken below a descending channel. The 14-day Relative Strength Index (RSI) is hovering near the oversold 30 level, indicating a potential upward correction soon. Immediate support for the AUD/USD pair is around the throwback support around the 0.6470 level. On the upside, key resistance is around the “throwback support turned resistance” at 0.6575, aligned with the nine-day Exponential Moving Average (EMA) at 0.6581. A break above this level could lead the AUD/USD pair to test the psychological level of 0.6600, with a potential aim for a six-month high of 0.6798. BUY NZDUSD zone 0.59100-0.58900 ↠  Stoploss 0.58700 → Take Profit 1 0.59400 → Take Profit 2 0.60100
by TVS-Trader
1
NZDUSD Bullish Corrections: Heading Towards 0.60299Analysis: Following the recent impact of the Non-Farm Payroll (NFP) report, NZDUSD is showing signs of bullish corrections. The price has been correcting from the 0.59200 region and is now making its way towards the 0.60299 price point. Key Points: Market Developments: Recent market developments have sparked renewed interest and confidence in the NZD, leading to increased buying pressure against the USD. NFP Impact: The Non-Farm Payroll (NFP) report released on Friday significantly affected the market. As a result, we observed a correction in NZDUSD, pulling to the upside. The positive employment data has led to increased optimism in the NZD. Support Level: The 0.59200 region has shown strong support, acting as a solid foundation for the current upward movement. Target: Based on current market momentum and technical indicators, the next significant resistance level appears to be around 0.60299. Technical Indicators: Moving Averages: The 50-day and 200-day moving averages are converging, indicating potential for a bullish crossover. Relative Strength Index (RSI): Currently trending upwards, suggesting increasing buying momentum. Volume: There has been a noticeable uptick in trading volume, supporting the bullish outlook. Conclusion: With the support at 0.59200 holding strong and the market reacting positively to the recent NFP report, NZDUSD is poised for a move towards 0.60299. The market's response to the NFP report, causing a pull to the upside, adds an extra layer of volatility to monitor. Traders should watch for potential pullbacks and confirm the uptrend with volume and momentum indicators. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
Long
by TheLastLuftwaffe
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
NZDUSD Technical Analysis and Trade Idea US100👉🔍 Looking at the NZDUSD chart, we can clearly see that the price has broken out of a 4-hour downtrend. There is a noticeable break in market structure to the upside, followed by a significant rally. It has now reached a resistance level, and I'm anticipating a retracement back down to the 50% to 61.8% Fibonacci levels, where I'll be looking for a potential buy opportunity if the price action described in the video unfolds. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before making any buying or selling decisions, as explained in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
by tradingwithanthony
NZDUSD H4 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 0.5912, which is a pullback support close to 61.8% Fibo retracement. Our take profit will be at 0.5980, a multi-swing high resistance. The stop loss will be placed at 0.5856, which is a swing low upport level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM