NZDUSDNZDUSD - could see bullish moves on this pair aswell if price comes back to this zone. 0.61000 at the zone and all timeframes in sync aswell.Longby jahod4
NZDUSD is expected to start a downward trendNZDUSD encountered resistance after testing the early supply zone, and the short-term market faces downside risks. Currently, you can consider selling in the 0.610-0.611 area, with the target below looking at the 0.600-0.604 area.Shortby XTrendSpeed7
NZDUSD BearishNZDUSD has formed a bearish flag continuation pattern indicating further downsideShortby ruba_hasan962
NZD/USD Long EntryTrading the daily chart here, we clearly broke out of the down trend and are moving higher. Took a long on this next leg up at .61400. Target is around .62000 - .62400 range.Longby lazy892
NZDUSD Will Go Up From Support! Long! Here is our detailed technical review for NZDUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.612. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.616 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
NZDUSD → Trend Change. Consolidation before the impulse FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the support of the range forming above the bearish channel is possible with the aim of further growth. The currency pair has a potential and with the breakout of 0.604 the price may start to realize the accumulated potential and strengthen to 0.608 or 0.617. Resistance levels: 0.604 Support levels: 0.600, 0.5983 Most likely trading inside the range may continue. False breakdown of support and further strengthening to resistance is possible, but further price reaction to resistance will show us the readiness of the market to go in one direction or another. Regards R. Linda!Longby RLindaUpdated 7747
NZDUSDNZDUSD buy opportunity at those level. buy orders sitting there to be filled Longby fxtradeleaders1
✅NZD_USD LONG FROM SUPPORT🚀 ✅NZD_USD will soon retest a key support level of 0.6067 So I think that the pair will make a rebound And go up to retest the supply level above at 0.6131 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx114
NZDUSD - BEARISH - UPDATEFirst Scenario Played Out Nicely, Watch The Second Scenario. Waiting For Confirmation To Look For Sells. I Expect NU To Die.Shortby Ismoo0783316
NZDUSD LONGNZDUSD has been in a downtrend, but potential buy opportunities often arise when the trend shows signs of weakening or reversing. Watching for higher lows or a break above key resistance levels is crucial. On the daily chart, the pair appears to be consolidating, which could precede a trend reversal. Key Support Levels: 0.6000: A major psychological support level. If the price holds above this level, it could be a good entry point. 0.5900: Another strong support level that could provide a base for a rebound. Key Resistance Levels: 0.6200: A recent resistance level. A break above this could signal the start of a bullish trend. 0.6400: Further confirmation of a bullish trend if broken. 50-Day Moving Average (MA): Currently trending below the 200-day MA, but if the price breaks above the 50-day MA, it could be a bullish signal. 200-Day Moving Average (MA): The price approaching or breaking above the 200-day MA is a strong bullish signal. The RSI on the daily chart has been in the oversold territory (below 30) but is now climbing towards the 30-50 range. This suggests that the bearish momentum is weakening and a potential buy opportunity is emerging. The MACD line is approaching the signal line from below, which could be a bullish crossover. The histogram turning positive would confirm this buy signal. Applying Fibonacci retracement from the recent high (around 0.7400) to the recent low (around 0.6000): 0.382 Retracement Level: Around 0.6500. A break above this level would indicate a significant bullish move. 0.500 Retracement Level: Around 0.6700, acting as a potential target for a buy opportunity. 0.618 Retracement Level: Approximately 0.6900, a strong bullish confirmation if reached. The NZD/USD pair presents a potential buy opportunity if certain conditions are met. Key levels to watch are the support at 0.6000 and the resistance at 0.6200. A break above the 50-day MA, a bullish RSI signal, and a MACD crossover would strengthen the buy case. Volume spikes on up days and bullish chart patterns like a double bottom or inverse head and shoulders provide additional confirmation. Always consider fundamental factors and use appropriate risk management techniques when entering a trade.Longby TFXBR1
Hawkish RBNZ meeting buoys NZDUSDThe Reserve Bank of New Zealand (RBNZ) has warned about high domestic inflation despite having one of the highest interest rates among major central banks. The committee discussed raising rates but acknowledged that the economy can't handle it. As a result, markets have postponed expectations of a rate cut to November. The NZD/USD has been steadily rising since April, even after breaking above the longer-term trendline resistance. While the Kiwi dollar is approaching overbought conditions, there is still potential for short-term gains. The next major resistance level is at 0.6200, but first, a test of yesterday's high at 0.6152 is needed. If there is a pullback, prices could settle around the 0.6050 level, which aligns with the 200 SMA.by Xayah_trading3
New NZD Weakens as Inflation Expectations Hit Two-Year LowNew Zealand Dollar Weakens as Inflation Expectations Hit Two-Year Low In early European trading on Monday, the New Zealand dollar declined against the US dollar and lagged behind most other major currencies after reports indicated that business inflation expectations for the current quarter had dropped to their lowest level in two years. Technically : The price has a bullish trend as long as trades above 0.6006 toward the first station of 0.6050 and then should break that to continue the bullish trend till 0.6075, otherwise reversing to stabilize under the pivot zone which is between 0.6006 and 0.5994 will get 0.5980 and 0.5943 Pivot line: 0.6006 Resistance line: 0.6050, 0.6075, 0.6106 Support line: 0.5980, 0.5944, 0.5882 Movement range will be between 0.5994 and 0.6050Longby SroshMayiUpdated 6
NZDUSD Long/BuyHello * Regular flat structure in play with ending structure * MACD internal divergence * GAP @ 0.58802 * Could be ready during NFP news or next weekLongby PIPPINTRADERUpdated 11
NZDUSD - SELL Should have gone the other way Rip off Now should go down Rolling over on CCPV indicator already Shortby NZ_Shareman4413
NZD-USD Long From Support! Buy! Hello,Traders! NZD-USD is approaching A horizontal support of 0.6078 And as the pair is in the local Uptrend we will be expecting A bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals226
NZDUSD (Elliott Wave)Hello friends In the NZDUSD currency pair, we see the formation of a 3- or 5-wave Elliott pattern. Considering that wave 3 or C is more than 1.618 times wave 1 or A and its sub-waves are not yet completed, we expect the price to grow to the range of 2.618 times wave 1 or A. This price increase has been done with a break and pullback to the resistance level of 0.6100. Therefore, we expect the price to grow to the range of 0.6220, which is a static resistance. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi115
NZDUSD formed AB = CD patternNZDUSD formad a AB = CD pattern with divergence. Double top can also be seen at PRZ zone.Shortby arslanjaved2123
NZDUSD OUTLOOKLongterm outlook on NZDUSD. with weaker dollar, then stronger currencies. Longby L2Earned2
NZDUSD POTENTIAL SHORT TRADEHey everyone hope you are having an amazing weekend so far! I wanted to get on here and make another post for you guys for a potential trade I see for the coming week. I have a super busy weekend so while I have a little time wanted to post on this potential setup! So LETS DIVE IN! OK so what I am looking at here is NZDUSD. And I am going to keep this breakdown super simple as I literally have 10 minutes before a meeting as I type this lol...but basically what I see here on NZDUSD is a overextended counter-trend trade here on the Kiwi. Last week prices rose significantly & actually breaking lower highs on the daily showing a potential shift in the market. BUT price can't go in one direction forever and usually from what I see after a fresh high is formed and ESPECIALLY when a potential market shift (from bearish to bullish) market happens. There is usually a nice pullback following as "one last attempt" of the previous controlling party. SO What I had seen is price is coming into a nice rally base drop supply zone on the daily and 4H timeframes and could potentially set up a nice pullback counter flow opportunity. Technically speaking also the 61.8 fib extension lines up within this supply alongside bearish divergence forming between the highs on the 4H timeframe. Building my bias for the timing of a pullback/discount now to the downside. OK hope this helps in any way please follow and boost this post for more highly accurate analysis and posts! Cheers! God Bless :)Shortby JosePipsUpdated 2211
NZDUSD:Hawkish RBNZ and Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60750 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60750 support and resistance area. Last night the RBNZ did consider raising rates which should give a boost to the kiwi meanwhile on the other hand the macro environment of the dollar is soft after the current progression of CPI in the US. Trade safe, Joe.Longby JoeChampion7
Strifor || NZDUSD-21/05/2024Preferred direction: BUY Comment: The bullish mood remains for the New Zealand dollar. We will most likely see growth here in the very near future. The focus is on level 0.61670 , which is expected to be broken in the very near future. However, the price is unlikely to go too high given the prevailing technical factors. Therefore, it is preferable to take profits near this resistance, despite the slightly greater potential that this instrument may show. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 112
NZD USDPreviously made a double top. could possibly come down. taking entry on break of previous Higher low.Shortby orchidwings_14Updated 222
NZDUSD LongsLooking for NZDUSD to run some major liquidity zones before thinking of reversals. Until than, I am long. Weekly EPA, price has done all it needs to in current zone. Longby CEOInvesting2