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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

Bearish drop?The kiwi (NZD/USD) has reacted off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 0.5869 1st Support: 0.5815 1st Resistance: 0.5922 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 Will Move Higher! Buy! Here is our detailed technical review for NZDUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.584. Considering the today's price action, probabilities will be high to see a movement to 0.603. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Market Analysis: NZD/USD Under Pressure, Downtrend PersistsMarket Analysis: NZD/USD Under Pressure, Downtrend Persists NZD/USD is also moving lower and might struggle to recover above 0.5900. Important Takeaways for NZD/USD Analysis Today - NZD/USD declined steadily from the 0.5930 resistance zone. - There was a break below a short-term contracting triangle with support at 0.5865 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 0.5930 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5900 against the US Dollar. The pair settled below the 0.5880 level and the 50-hour simple moving average. Besides, there was a break below a short-term contracting triangle with support at 0.5865. Finally, it tested the 0.5830 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 0.5904 swing high to the 0.5831 low at 0.5840. The next resistance is the 0.5865 level or the 50% Fib retracement level of the downward move from the 0.5904 swing high to the 0.5831 low. If there is a move above 0.5865, the pair could rise toward 0.5905. Any more gains might open the doors for a move toward the 0.5930 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5830 level. The next major support is near the 0.5800 zone. If there is a downside break below 0.5800, the pair could extend its decline toward the 0.5765 level. The next key support is near 0.5740. 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
1
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