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Kiwidollar

$NZDUSD - Another impulse above 0.72550Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index 🔔 The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters. 🔔 NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance. 🔔 The best would be to wait for a breakout from the $0.72550 resistance and go long. 🔔 The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400 🔔 I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
FEB 26TH - MARCH 5TH TRADE PLAN FOR #NZDCHF? GOOD DAY SUNDAY TRADERS! From the desk of The Trading Regime, we have discovered an opportunity for NZDCHF. Here are some simple reasons for taking a trade to the downside on this pair: Weekly Bearish price action candlestick with closure to the bear side Break in Daily Structure Daily Bearish Engulfing candle Potential correction in CHF currency this week. OANDA:NZDCHF As always, risk no more than 1-3% per trade, and don't risk more than you're afraid to lose. The Trading Regime.
Short
by EvaultFinancialGroup
NZDUSD breaking out of consolidation? Needs confirmation.From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation. Measured target for this move shown in the chart. This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what the market gives us. This is not trading advice. Trade at your own risk.
Short
by thedailychartist
NZDUSD about to speak its mind soon? Continuation or Reversal?Current pattern resembles a spike and ledge consolidation pattern which can go either direction. I lean towards using it for reversal trades but it can also be a continuation pattern. What's interesting here is that the ledge structure is an ascending triangle. If this is confusing other traders like it is confusing me, we might see more trading range price action going forward. Today's false intra-day breakout above .7240 seems to be evidence of this. I am forcing myself to be neutral but I do favor a break lower for a potential major trend reversal.
by thedailychartist