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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZDUSD FORECASTINGSo traders! We have this pair which is developing nicely. I really love the way how higher timeframes interconnect with the lower timeframe. The way that price has broken structure and closed below it gives me a clear signal that price has the highest chance of dropping. In this pair I'm very interested with the insurance entry rather than taking risk entry because of how the price looks. So traders! use well timeframes do not skip the higher timeframe because this will help you to understand where the price is exactly going, however I don't know the strategy you are trading but, making decision based on lower timeframes only, increase risk in your trading.
Short
by Richard_Mkude
2
NZDUSD Is Bearish! Short! Take a look at our analysis for NZDUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.560. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.555 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDUSD - The uptrend of the dollar is over?!The NZDUSD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe. In case of upward correction, we can see the supply zone and sell within that range with appropriate risk reward. A valid break of the support area will provide us with the continuation of the downward path of this currency pair. At the beginning of 2025, the US dollar has continued its upward trajectory, solidifying its position as one of the leading global currencies. After delivering a strong performance in 2023 and 2024, the dollar has now risen by more than 1% against the euro and the British pound, outpacing other major currencies. From an economic news perspective, recent reports have had little impact on the market. While data on jobless claims, affected by holiday factors, were assessed positively, reports such as construction spending and manufacturing PMI fell short of expectations. However, these statistics failed to create significant market movement, with US Treasury yields seeing only a slight uptick. According to data published by S&P Global, the US manufacturing PMI for December 2024 stood at 49.4, a slight decline from 49.7 in November. This figure remains below the 50-point threshold, indicating contraction in manufacturing activity. Nonetheless, there has been a slight recovery from the mid-month figure of 48.3. Manufacturing output in November declined for the fourth consecutive month, hitting its lowest level in 18 months. Additionally, new orders continued to fall, though at a slower pace compared to previous months. However, export orders experienced a steeper decline, primarily driven by economic weakness in Europe and Australia. In the employment sector, there has been modest yet positive growth for the second consecutive month, reflecting manufacturers’ efforts to retain their workforce. Input cost inflation has reached its highest level since August 2024, largely due to concerns over trade tariffs and potential protectionist policies. Approximately 25% of firms attributed their increased purchases to tariff threats, highlighting concerns over the inflationary effects of such policies. Despite current challenges, manufacturers are increasingly optimistic about the future. This optimism, which has reached its highest level in two and a half years, stems from reduced uncertainties following the elections and positive expectations of stronger economic growth and supportive government policies in 2025. However, the gap between current production levels and future expectations has reached its widest point in a decade, excluding the COVID-19 pandemic period. The main driver behind the strength of the US dollar is capital inflows. While the US economy appears robust, this alone does not explain the dollar’s growth. A confluence of positive factors has made US assets attractive, with the country’s stock markets outperforming other global markets. Currently, a significant portion of global capital formation is concentrated in the US dollar and its markets. Nevertheless, risks such as rising tariffs or restrictive fiscal policies could alter the dollar’s trajectory. For now, the market shows little concern about the Republican-led Congress, and the US dollar continues to assert its dominance in global markets. Donald Trump, the US President-elect, recently tweeted that tariffs have brought immense wealth to the country and that he plans to continue these policies after assuming office on January 20. Trump also referenced border issues, calling Joe Biden the “worst president in US history.” The chief asset strategist at HSBC Bank highlighted the hawkish messages from the Federal Reserve’s December meeting as a cause for concern. January is expected to be highly volatile, but these fluctuations could present intriguing investment opportunities.
Short
by Ali_PSND
NZDUSD H4: The bears steering down...NZDUSD H4: The position of the price in relation to the EMAs and to the TL confirms a bearish trend. While the price stays below the TL and the EMAs any short position is in the table. The Support at 0.55814 has been tested and the price had been above that since October 2022 what could give 2 options: another rejection level that may will have a short life(due the TL pattern) or will be break pushing the price further down. In that case a confirmation on that break is a must before any short entries. The RSI hovering around 45 may will test the 50 but with expectations of heading to an oversold level. The candles around the Support suggesting indecisions may represents the bears are preparing for a continuation but we have to wait. For any short entry around the support level will be wise to go for a tight SL so any weird volatility will not take much of our money.
Short
by cyberFX2019
Potential bearish drop off pullback resistance?The Kiwi (NZD/USD) is reacting off the pivot and could drop to the pullback support. Pivot: 0.5616 1st Support: 0.5587 1st Resistance: 0.5635 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
2