USDNZD trade ideas
NZD/USD H4 AnalysisPrice bottomed out in February at 0.5516 after entering monthly support.
Since then we have seen a steady influx of buying, most recently peaking at 0.5772 during last weeks trading.
With MACD divergence though, we may now see a correction back to the trendline.
Nzdusd updateLast week's analysis saw a perfect entry with our trade running right into profits.
Looking at weekly time frame we can see price broke support to create equal lows before its retracement back. Inline with our counter trend trade back to resistance.
As said in last week's analysis we had a supply zone to watch out for which price has reacted to. We can now watch trend line and support for continuation.
In line with the next retracement level after the break of structure.
These areas Fibonacci support and trend line are going to be a very important watch this week. As the equal lows have provided a point for a liquidity to be sweep. Also there's also a ascending triangle to watch for a break out.
NZD/USD breaking down from Ascending wedge patternASCENDING WEDGE PATTERN : nzd/usd has made an ascending wedge pattern on hourly timeframe and has started breaking down from the pattern with strong confirmation
BEARISH MACD : macd has become very bearish with signal line having gone below macd line indicating powerful bearish momentum for nzd/usd
TARGET : 0.58477 level is the target
NZDUSD Weekly BiasThis price seems to be on a bullish momentum after the market structure shift at 0.572 and I do anticipate that it will be drawn towards the FVG at 0.579 and buyside liquidity at 0.592.
The daily and hourly timeframe will give a more precise entry and stop loss levels.
Bullish Currently on the Daily time frame we are bullish, small pullback on lower timeframe to continue upside pullback creating structure just waiting for a break of the structure/trendline retest still waiting for price to setup.
NZD/USD Long Trade Setup (Next Week)
📌 Market Overview & Analysis
• The NZD/USD pair has recently tested a key support level around 0.5550 and showed signs of bullish rejection, suggesting a potential reversal.
• Price is currently trading around 0.5740-0.5750, which aligns with the 0.236 Fibonacci retracement level from the recent downtrend.
• A break above this level could confirm a move towards the 0.382 Fibonacci retracement level (~0.5880) as the first target (TP1).
• If momentum continues and market conditions support further upside, we will hold for TP2, which will depend on price action and momentum near the 0.618 Fibonacci level (~0.6056).
📊 Trade Plan
📍 Entry:
• Long Position: Enter between 0.5730–0.5750, confirming bullish momentum with a break and close above 0.5747 (0.236 Fib level) on the 4H or daily timeframe.
🎯 Target Prices (Take Profit - TP):
• TP1: 0.5880 (0.382 Fibonacci retracement level)
• TP2: 0.6056 (0.618 Fibonacci retracement level, conditional on momentum)
📉 Stop-Loss (SL):
• Below recent low at 0.5600, keeping a risk-reward ratio of at least 1:2.
📈 Trade Management & Exit Strategy:
1. If price reaches TP1 (0.5880):
• Secure partial profits.
• Move stop-loss to breakeven for remaining position.
2. If bullish momentum continues:
• Hold towards TP2 (0.6056).
• Monitor price action at resistance levels.
3. If market shows signs of rejection at 0.5880:
• Consider exiting the full position.
📌 Market Conditions to Watch:
• DXY (US Dollar Index): Weakness in the USD could further support NZD/USD upside.
• Fundamental Events: Keep an eye on RBNZ and Fed statements, employment data, and CPI reports.
• Momentum Confirmation: Ensure price is holding above 0.5747 before entering.
📝 Summary:
• Trade Direction: Long
• Entry: 0.5730–0.5750
• SL: Below 0.5600
• TP1: 0.5880 (0.382 Fib)
• TP2: 0.6056 (0.618 Fib, if momentum sustains)
• Risk-Reward Ratio: 1:2 or better
• Key Confirmation: Bullish breakout & momentum
NZD/USD likely needs a deeper correction toward .5725 or so...The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc. Retail candles are also Bearish, since they're not able to break recent highs...
NZDUSD: Short Trading Opportunity
NZDUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry - 0.5755
Stop - 0.5789
Take - 0.5693
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
NZDUSD long positionreally beautiful setup on NZDUSD, no further explaniation needed
i will eat my shoe if this one will fail
NZDUSD Ready for a Bullish MoveHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD Cup Pattern: Bullish Breakout Targeting 0.60NZDUSD is currently trading at 0.57 and forming a classic cup pattern, signaling a potential bullish continuation toward the 0.60 target. The cup pattern is a well-known technical formation that typically indicates a period of accumulation, followed by a breakout to the upside. If the price breaks above the resistance level at the cup’s rim, it could trigger strong buying momentum, pushing NZDUSD higher.
From a technical standpoint, the cup pattern suggests that the market has undergone a correction and is now regaining strength. A confirmed breakout above the neckline would validate the bullish setup, with 0.60 as the next major resistance level. Traders should watch for increasing volume and bullish candlestick confirmations to strengthen the breakout scenario.
Fundamentally, the New Zealand dollar’s movement depends on risk sentiment, US economic data, and Reserve Bank of New Zealand (RBNZ) policies. If the US dollar weakens due to expectations of Federal Reserve rate cuts or softer economic data, NZDUSD could gain additional upside momentum. Additionally, any hawkish signals from the RBNZ regarding inflation and interest rates could further support the bullish outlook.
In summary, NZDUSD is forming a bullish cup pattern, with a potential breakout targeting 0.60. A strong breakout above the resistance could accelerate the bullish move, supported by both technical patterns and fundamental factors. Traders should monitor global risk sentiment, US dollar trends, and RBNZ statements to confirm the momentum shift.
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Bearish reversal off pullback resistance?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.5781
1st Support: 0.5743
1st Resistance: 0.5809
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Next draw of liquidity: NzdUsd0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in.
Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779
I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month.
Kindly boost if you find this insightful 🫴
Bullish rise?NZD/USD has reacted off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 0.5743
Why we like it:
There is a pullback resistance.
Stop loss: 0.5693
Why we like it:
There is an overlap support level.
Take profit: 0.5808
Why we like it:
There is an overlap resistance that is slightly above the 161.8% Fibonacci extension.
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$NZDUSD outlook. After the bullish run towards our weekly target, a bearish continuation is likely however with the DXY weakening we could see further run upwards.
Sellers should keep in mind 0.57745, 0.57600 and 0.56259
NZD/USD 1-Hour Chart Analysis –📊 NZD/USD 1-Hour Chart Analysis – Feb 20, 2025
🔹 Current Price: 0.57239 (-0.11%)
🔻 Recent High: 0.57324
🔻 Recent Low: 0.57031
🔴 200 EMA: 0.56935 (Acting as support)
🧐 Key Observations:
✅ Bullish Structure: The price has been trending upwards with higher lows, showing strength.
✅ Support Zone: A key support zone around 0.5720 - 0.5730 (highlighted in orange).
✅ Trendline Retest: Price is currently testing the support zone, potentially setting up for a bounce.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers hold the support zone, a bounce toward 0.5740 - 0.5750 could be in play 🚀.
🔹 Bearish Case: A break below 0.5700 could lead to a deeper pullback towards 0.5670 - 0.5660 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for confirmation (e.g., bullish candlestick patterns) around the orange support zone for long entries.
📌 Sell Setup: If the price breaks below 0.5700, consider short positions with targets around 0.5670.
🔥 Final Thoughts: The trend remains bullish unless we break below key support levels. Watch price action near the support zone for potential opportunities!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #NZDUSD #Forex
NZDUSD Break & Retest – Bullish Continuation in Play?OANDA:NZDUSD has broken above a key resistance zone near 0.57000 and has now pulled back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the 0.57860 level, which serves as a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have!
NZDUSD Bullish breakout retestThe NZDUSD currency pair sentiment appears neutral, supported by the longer-term sideways consolidation trading range. The recent price action appears to be an oversold bullish flag pattern, however, it needs to be taken in consideration as a part of the longer-term sideways consolidation. This could be indicative of intraday Bulls and Bears fight for dominance.
The key trading level is at 0.5600, the current swing low range from 12th February 2025. A continuation of the selling pressure below the 05625 level and a daily close below the 0.5600 support level could target additional downside support at 0.5550 followed by the 0.5517 and 0.5500 levels over the longer timeframe.
Alternatively, an oversold rally from the current levels and a confirmed breakout above 0.5700 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 05735 resistance followed by 0.5760 levels.
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NZDUSD rising wedge !If the price confirm my idea, this is rising wedge formation in progress
Entry around here 0,5735-0,5750
SL around 0,5785
TP around 0,5510 VIP LONG entry 2025 !
Stay tuned !
NZDUSD H4 Short IdeaIt is expected to work out from the level and exit from the consolidation zone to strong support levels. We expect consolidation and work with pending orders
NZDUSD has formed a head and shoulders bottom patternOn the daily chart, NZDUSD formed a head and shoulders bottom pattern. At present, attention can be paid to the resistance near 0.5800, and after breaking through, it will go to around 0.5928. During the day, attention can be paid to the long opportunities in the 0.5700-5710 area.
