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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

Goldman Predicts Bigger Cut from RBNZ Next WeekGoldman Predicts Bigger Cut from RBNZ Next Week Goldman Sachs suggests the Reserve Bank of New Zealand (RBNZ) may pursue a larger-than-expected rate cut next week, floating the possibility of a 75-basis-point reduction—beyond the 50-basis-point consensus among market participants. Goldman argues that weak economic fundamentals, including soft labor market data, lend weight to a more aggressive easing cycle by the central bank. Although, despite the dovish outlook, the downside for the New Zealand dollar could be capped by bearish sentiment already priced into the market with the NZD/USD trading near a 12-month low. Short-term bullish targets around 0.5890–0.5900 might offer upside targets. While the pair appears oversold, further declines remain on the table. The November 2023 lows could come into view if the RBNZ opts for an outsized 75-basis-point cut.
by BlackBull_Markets
Buys Taken On NZD/USD on H1Trade Type: Buy Timeframe: H1 Overview: This trade was initiated following a clear bullish reversal in the NZD/USD pair, evidenced by a series of technical confirmations. The decision to enter a long position was based on a comprehensive analysis of market dynamics, aligning with key technical indicators and historical price behavior. Technical Analysis and Rationale: 1. Break of Trendline: The initial signal for a potential bullish reversal was the decisive break of a downward trendline. This break indicated a shift in market sentiment from bearish to bullish, suggesting an opportunity for upward momentum. 2. Formation of Higher Highs and Higher Lows: The price action demonstrated a pattern of higher highs following higher lows, confirming the establishment of a new uptrend. This formation is a classic signal of strengthening bullish momentum, providing confidence in the continuation of the upward movement. 3. Fibonacci Retracement Level: The price retraced to the 0.618 Fibonacci level, a key area often associated with strong support in an uptrend. This retracement level acted as a springboard for the next upward move, offering an optimal entry point for the buy position. 4. Bullish Divergence: The presence of bullish divergence on the relevant oscillators further supported the bullish outlook. This divergence indicated that despite recent price declines, the underlying momentum was shifting positively, reinforcing the potential for a price increase. 5. Historical Support Zone: The entry was also validated by the price touching an important historical support zone, characterized by multiple touchpoints in the past. This zone has consistently acted as a strong support level, providing additional assurance of a likely rebound.
Long
by Uzzi_94
NZDUSD Poised for Short-Term Bullish MoveNZDUSD Poised for Short-Term Bullish Move NZDUSD is currently moving within a corrective descending pattern, which may take the shape of a descending channel. For now, the price is gradually moving downward. It's possible that NZDUSD will continue to develop this pattern in the coming days. However, once the price moves above the supposed channel based on our data, we may see NZDUSD rise further. 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❤️
Long
by KlejdiCuni
3
ICT Long setup session trade, NOT swing trade NZDUSD👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in NZDUSD for session trade (a couple of Hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong New Zealand Economic Outlook and Softer USD 21/11/2024 Introduction NZDUSD is poised for a slight bullish bias today, driven by strong economic fundamentals from New Zealand and continued softness in the U.S. dollar. Factors such as positive risk sentiment, robust commodity prices, and dovish Federal Reserve expectations are supporting the New Zealand dollar (NZD) against the greenback. In this article, we delve into the fundamental and technical drivers that could shape NZDUSD’s trajectory in today’s forex market. --- Key Drivers Influencing NZDUSD Today 1. Resilient New Zealand Economic Data New Zealand’s economy continues to display resilience, supported by robust agricultural exports and improving business sentiment. Dairy prices, a critical component of the nation’s export sector, have seen consistent gains, providing a strong tailwind for the NZD. Additionally, a recovery in domestic demand is bolstering the economic outlook. 2. Weaker U.S. Dollar on Dovish Fed Sentiment The U.S. dollar remains under pressure amid growing expectations that the Federal Reserve will maintain its dovish stance. Recent soft inflation readings and mixed U.S. economic data have strengthened the belief that the Fed will hold off on further rate hikes. This environment is reducing demand for the USD, creating a favorable setup for NZDUSD bulls. 3. Risk-On Sentiment Supporting High-Beta Currencies A risk-on mood in global financial markets is providing support for high-beta currencies like the NZD. Equity markets are stabilizing, and optimism around global economic recovery is encouraging investors to seek higher-yielding assets. This trend enhances the attractiveness of the New Zealand dollar. 4. Technical Indicators Point to Bullish Momentum Technically, NZDUSD remains above key support levels, with upward momentum visible in the RSI and MACD. The pair’s sustained position above its 50-day moving average further confirms its bullish bias. --- Technical Analysis Indicators Moving Averages and RSI NZDUSD is comfortably trading above its 50-day moving average, indicating strong bullish momentum. The Relative Strength Index (RSI) is trending higher but remains below overbought levels, suggesting room for further gains. MACD and Volume Trends The MACD indicator reflects a bullish crossover, confirming upward momentum. Volume trends also show increased buying activity, supporting today’s bullish outlook. --- Conclusion With strong New Zealand economic fundamentals, a weaker U.S. dollar, and positive risk sentiment, NZDUSD is likely to maintain a slight bullish bias today. Traders should watch for any surprises in U.S. economic data or shifts in market sentiment that could influence price action. --- SEO Tags: - #NZDUSDforecast - #NZDUSDanalysis - #NZDUSDtechnicalanalysis - #ForexTradingNZDUSD - #NewZealandDollarStrength - #USDWeakness - #NZDUSDtoday - #ForexMarketInsights - #NZDUSDprediction
Long
by PERFECT_MFG
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot and could potentially drop to the 1st support which is a pullback support. Pivot: 0.5880 1st Support: 0.5838 1st Resistance: 0.5915 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
Bearish drop for the Kiwi?The price is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.5879 Why we like it: There is an overlap resistance level that is an overlap resistance that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.5914 Why we like it: There is an overlap resistance level. Take profit: 0.5839 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
NZD/USD: Demand Zone Fuels Upward MomentumDespite today’s slight retracement of the New Zealand Dollar, the currency pair has demonstrated significant resilience, gaining ground from a recent low of 0.5835. This price point coincided with a notable rebound in a crucial demand zone, indicating that buyers are actively stepping in to support the currency. As the market dynamics unfold, it’s evident that buyers have made further progress, successfully pushing back against sellers' attempts to gain control. Technical indicators reveal that the market is still in recovery mode, suggesting a continuation of this upward momentum. From a technical analysis perspective, the sustained presence above the demand area bodes well for a longer bullish trend. This aligns with the current market narrative where the Commitment of Traders (COT) report signals that retail traders remain predominantly bearish. Such positioning can be advantageous for bullish traders; if the broader market sentiment shifts, a sudden price surge may occur as bearish positions are unwound. Furthermore, the interplay of support and resistance levels in the market reinforces the potential for further upward movement. The established demand zone acts as a crucial floor, providing a solid foundation for future price increases. As buyers continue to assert themselves, we may witness a re-accumulation phase that sets the stage for a break above significant resistance points. In light of these factors, we are closely monitoring the market for signs of a price resurgence in a long setup. The combination of technical indicators suggesting recovery, the presence of strong demand, and the positioning of retail traders creates a favorable environment for bullish plays. Thus, we anticipate that the New Zealand Dollar may poised to climb higher, presenting potential opportunities for traders looking to capitalize on the resurgent momentum in this currency pair. As the situation develops, all eyes will be on how buyers respond to any forthcoming market signals. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
Market Analysis: NZD/USD Recovers - More Gains Ahead?Market Analysis: NZD/USD Recovers - More Gains Ahead? NZD/USD is also correcting losses and might recover if there is a clear move above the 0.5950 resistance. Important Takeaways for NZD/USD Analysis Today - NZD/USD is attempting a recovery wave above the 0.5880 resistance. - There was a break above a major bearish trend line with resistance near 0.5860 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 0.6040 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5950 against the US Dollar. The pair even dropped below the 50-hour simple moving average and tested 0.5835. A low was formed near 0.5836 and the pair is now attempting a fresh increase. It is back above the 0.5880 level and the 50-hour simple moving average. Besides, there was a break above a major bearish trend line with resistance near 0.5860. The pair surpassed the 23.6% Fib retracement level of the downward wave from the 0.6037 swing high to the 0.5836 low. On the upside, the pair is facing resistance near the 0.5920 level. The next major resistance is near the 61.8% Fib retracement level of the downward wave from the 0.6037 swing high to the 0.5836 low at 0.5960. If there is a move above 0.5960, the pair could rise toward the 0.5985 resistance. Any more gains might open the doors for a move toward the 0.6040 resistance zone. On the downside, immediate support on the NZD/USD chart is near 0.5880. The next major support is near the 0.5835 zone. If there is a downside break below 0.5835, the pair could extend the decline toward the 0.5800 level. The next key support is near 0.5765. 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 Daily Analysis: Slight Bullish Bias Expected Amid Strong NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong NZ Economic Sentiment and USD Weakness 20/11/2024 Introduction The NZDUSD pair is projected to maintain a slight bullish bias today, bolstered by favorable economic developments in New Zealand and a softer U.S. dollar. Positive commodity performance, improving risk sentiment, and dovish expectations surrounding the Federal Reserve’s monetary policy are key drivers shaping today’s price action. This analysis explores the fundamental and technical factors supporting NZDUSD and provides actionable insights for forex traders. --- Key Drivers Influencing NZDUSD Today 1. Strong New Zealand Economic Performance New Zealand’s economy continues to display resilience, underpinned by robust export growth and solid consumer confidence. Dairy exports, a cornerstone of the economy, have seen increasing global demand, further strengthening the New Zealand dollar (NZD). Additionally, a recent uptick in domestic retail sales highlights steady economic activity, supporting the NZD’s bullish trajectory. 2. Weakening U.S. Dollar Due to Fed’s Dovish Policy The U.S. dollar remains under pressure as market participants price in expectations that the Federal Reserve will hold interest rates steady for the foreseeable future. Softer inflation data and mixed economic reports from the U.S. have dampened the dollar’s appeal, providing a favorable backdrop for NZDUSD to climb higher. 3. Risk-On Market Sentiment Favoring NZD The current “risk-on” sentiment in global markets is benefiting risk-sensitive currencies like the NZD. Stabilizing equity markets, rising commodity prices, and reduced geopolitical tensions have increased investor confidence, leading to stronger demand for high-yielding assets. 4. Technical Indicators Suggest Upward Momentum Technical indicators align with a bullish outlook for NZDUSD. The pair is trading above its 50-day moving average, signaling sustained upward momentum. Additionally, oscillators such as the MACD and RSI confirm the bullish trend, reinforcing the slight bullish bias for today’s trading session. --- Technical Analysis Indicators Moving Averages and RSI NZDUSD continues to trade above its 50-day moving average, indicating strong upward momentum. The Relative Strength Index (RSI) is trending upwards but remains comfortably below overbought levels, suggesting further upside potential. MACD and Volume Analysis The MACD is firmly in bullish territory, showing a positive crossover that confirms upward momentum. Volume analysis indicates steady buying interest, which further supports the pair’s bullish outlook. --- Conclusion With a strong New Zealand economic outlook, dovish Federal Reserve policies, and favorable risk sentiment, NZDUSD is expected to maintain a slight bullish bias today. Traders should monitor any shifts in market sentiment or economic data re leases that could influence the pair’s movement. --- SEO Tags: - #NZDUSDforecast - #NZDUSDanalysis - #NZDUSDtechnicalanalysis - #ForexTradingNZDUSD - #NewZealandDollarStrength - #USDWeakness - #NZDUSDtoday - #ForexMarketOutlook - #NZDUSDprediction
Long
by PERFECT_MFG