NZD/USD - Trendline Breakout (Bullish Setup)

Sep 7

NZD/USD – 1H – Trendline Breakout Pattern / Bullish Setup

NZD/USD is forming a potential bullish trendline breakout on the 1-hour chart after holding the 0.5875–0.5879 support zone. A sustained move above the descending trendline could open the way toward 0.5950, followed by 0.5980. Technical confirmation remains important around the 0.5900 area.

🟢 1st Resistance : 0.5950
🟢 2nd Resistance : 0.5980
🔴 Support Zone : 0.5875–0.5879

Fundamentals and Live Headlines :
1. The RBNZ raised its Official Cash Rate by 25 bps to 2.75% on September.
2. The U.S. PPI and CPI releases this week are key catalysts


Disclaimer: This analysis is for educational purposes only.

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Sep 7

Trade active

Sep 7

Note

1. ECB - Rate Hike - Expect +25 bp Hike + Hawkish Guidance.
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2. USD - CPI/PPI (Inflation Rate) - Fed Rate Expectations
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3. Middle East conflict and oil → Inflation + Risk Sentiment
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4. UK - GDP + manufacturing/industrial production
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5. Fed policy disagreement: Warsh vs Waller - Two way
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Japan: BoJ policy signal / board-member speech, China trade + August CPI/PPI, etc...
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Sep 9

Trade closed: stop reached