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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

NZD/USD Breaks TrendlineNZD/USD has broken below the ascending trendline and is now retesting the 0.60113 – 0.60292 zone, which may act as new resistance. If the pair fails to reclaim this zone, we could see a continuation lower toward the key supports at 0.59828 and 0.59547. A confirmed break back above 0.6030 would invalidate the bearish outlook. 🔻 Structure: Break + retest of trendline 🔻 Resistance: 0.60113 – 0.60292 🔻 Support 1: 0.59828 🔻 Support 2: 0.59547 🔻 Timeframe: 1H 🔻 Bias: Bearish unless reclaimed above 0.6030 Technical idea only – not financial advice.
Short
by piporia
NZDUSD SELL OFF (Counter-Trend Setup)(Daily) - Price hit Key resistance level at (0.60308 - 0.59985) and consolidated at the level attempting to breakout but failing and forming double top in 4H. (4H) - Price formed double top at the Key resistance level (0.60308 - 0.59985) which is reversal pattern, neckline of the DT at (0.60031). (4H) - Bearish market structure at the level price forming new lower high and lower low at (0.60578 - 0.60535) (4H) - Rising trendline connecting low of the price at (0.58522 - 0.59556). Entry ; -We have 2 entry models; 1.Aggressive Entry at the Double top after the close of the bearish Engulfing Candle SL above double top at 0.60808 2.Conservative Entry wait for the break of the rising trendline to signal trend change from an uptrend to downtrend then execute.
Short
by Victor_Kinyanjui
New Zealand GDP expected to contract, New Zealand dollar recoverThe New Zealand dollar has posted gains on Wednesday. In the North American session, NZD/USD is trading at 0.6042, up 0.45% on the day. The New Zealand dollar sustained sharp losses a day earlier, declining 0.75%. The New Zealand economy is in recession and the markets are bracing for a contraction in first-quarter GDP of 0.8%. The economy declined in Q4 2024 by 1.1%. A weak GDP report would put pressure on the Reserve Bank of New Zealand to reduce interest rates at the next meeting on July 9. The Reserve Bank has been aggressive and lowered rates for a sixth straight time in May to 3.25%, for a total of 225 basis points. Is the resilient US consumer showing cracks? US retail sales slumped in May, falling 0.9% m/m. This was well below the revised -0.1% reading in April and worse than the market estimate of -0.7%. Annually, retail sales fell to 3.3%, down sharply from a revised 5.0%. The monthly retail sales is particularly concerning because it marked a second straight decline. The pre-tariff spike in consumer spending has fizzled as the tariffs have taken effect. Consumers are wary that the tariffs will boost inflation and dampen consumer spending power and concerns about hiring have risen, prompting consumers to batten down the hatches in anticipation of tougher times ahead. If additional key US data heads lower, this will increase pressure on the Federal Reserve to lower interest rates. The markets have priced in a hold at Wednesday's meeting at practically 100%, with little chance of a rate cut before September. NZD/USD is testing resistance at 0.6035. Above, there is resistance at 0.6060 0.5990 and 0.5965 and providing support
by OANDA
Possible reversal on Nzd/UsdNZD/USD is currently trading around 0.6030, and there are indications of a potential reversal. Let's break down the key points : - Current Price: NZD/USD is trading at 0.6027, with a 0.2% increase in the last 24 hours. - Ascending Channel: The pair is testing the lower boundary of an ascending channel near 0.6020, which could signal a bearish bias if broken. - Relative Strength Index (RSI): The 14-day RSI remains above 50, suggesting a bullish bias is still in play. - Resistance Levels: Initial resistance is at the nine-day EMA of 0.6028, followed by the eight-month high of 0.6081. - *Support Levels*: A break below 0.6020 could lead to a decline toward the 50-day EMA at 0.5941. Maybe bullish: - Overlap Support: The pivot point at 0.5989 acts as an overlap support, which could lead to a bounce to the 1st resistance at 0.6060. - Buying Opportunity: Traders are monitoring NZD/USD for a buying opportunity around the 0.60000 zone, citing a testing of the upward trend and liquidity zone. Keep in mind that technical analysis is only part of investment reference, and market volatility can be unpredictable. It's essential to consider multiple factors, including economic news and geopolitical events, when making trading decisions .
Short
by odemerge
1
NZDUSD BUY SETUP – GLOBAL HORNS 🇳🇿 NZDUSD BUY SETUP – GLOBAL HORNS 🕐 Timeframe: 1H 📈 Direction: BUY 📍 Entry: 0.6012 (active) 🎯 Target: 0.6033 📊 Context: Price swept the lows and tapped into a prior structural zone. I’m positioned for a short-term rebound into the 0.6033 area, where liquidity likely sits from previous consolidations. 📌 As always, I manage these trades based on price action and time — not using traditional stops. #GlobalHorns #NZDUSD #ForexTrade
Long
by GlobalHorns
Kiwi H1 | Potential bounce off an overlap supportThe Kiwi (NZD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.6051 which is an overlap support. Stop loss is at 0.6025 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement. Take profit is at 0.6077 which is a swing-high resistance. 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 127.2% Fibonacci resistance. Pivot: 0.6036 1st Support: 0.6002 1st Resistance: 0.6093 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.
Long
by ICmarkets
NZDUSD to continue in the upward move?NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6085 will confirm the bullish momentum. The measured move target is 0.6125. We look to Buy at 0.6050 (stop at 0.6025) Our profit targets will be 0.6100 and 0.6125 Resistance: 0.6085 / 0.6100 / 0.6125 Support: 0.6060 / 0.6050 / 0.6025 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
NZDUSD → Correction and liquidity capture ahead of growthFX:NZDUSD , following a sharp decline during the Pacific-Asian session, is testing the support of the upward trend and the liquidity zone... The dollar is correcting amid escalating tensions in the Middle East. This is a temporary move, and the market may return to its main trend. The currency pair is forming a false breakdown of support Against the backdrop of an uptrend and a weak dollar, the currency pair is testing support at 0.6000. The reaction is weak at the moment, but there is a chance for growth if the price consolidates above 0.6020. I do not rule out a retest of the liquidity zone at 0.5989 before growth Support levels: 0.6000, 0.5989 Resistance levels: 0.6068 The inability to continue falling and the formation of a local reversal structure relative to 0.6000 (price consolidation above 0.6020) may support the market. I do not rule out that the market may decline to the liquidity zone of 0.5989 before rising. Best regards, R. Linda!
Long
by RLinda
7
NZDUSD Expecting ahead of GrowthNZDUSD Market Outlook NZD/USD experienced a sharp decline during the Pacific and Asian sessions and is now testing support along its established upward trendline. This downward move appears to be a temporary correction, occurring amid broader U.S. dollar weakness and escalating geopolitical tensions in the Middle East. Resistance zone 0.61200 Support Level 0.59800 Despite the recent drop, the overall trend for NZD/USD remains bullish, with the pair likely to find support at key technical levels. The correction in the U.S. dollar could offer further upside potential for the New Zealand dollar if the broader trend persists. you may find more details in the chart Ps Support with like and comments for modify Thanks.
Long
by MrMartin_11
NZD/USD LongTechnical Analysis: Initial Structure Shift: The chart reveals a significant low in late May, followed by a decisive break of structure (BOS) above a prior high (near the first green dot). This confirms a bullish market transition, indicating strong buying pressure. Change of Character (CHOCH) Confirmation: The subsequent rally, marked by a sharp upward move, solidifies the change of character, with price sustaining above the BOS level. This reflects institutional intent to drive the market higher. Resistance Zone Identification: Price has now approached a critical resistance level near 0.6090 (dashed line), where it has tested equal highs multiple times. This zone represents a potential pivot point for supply to emerge. Momentum and Consolidation: The recent steep ascent, highlighted by the upward arrow, demonstrates robust momentum. However, the tightening of price action near resistance suggests a consolidation phase, offering a strategic entry opportunity. Given the overall bullish trend, await a pullback to the 0.6070 support level. Enter the trade only after a bullish candle close confirms acceptance. Adjust your position size according to your risk parameters, and consider trailing your stop if momentum persists beyond 0.6090. Be prepared to exit if price rejects at resistance, indicating a potential shift.
Long
by ProSignalai
1