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Newzealanddollar

Kiwis Over Kimonos: The Technical & Macro Case for NZDJPY Longs📊 WEEKLY CHART (Big Picture Context) Structure: Long-term trend: ● Massive downtrend (Mar 2024 - Aug 2024): ~100 → ~80 (-20%) ● Basing/consolidation (Aug 2024 - Jan 2026): ~80-88 range ● Recent breakout (Jan 2026): Broke above 88 resistance, now testing 93-94 zone Key Levels: Resistance: ● 95.00 (psychological, also visible on chart - horizontal gray zone top) ● 98.00-100.00 (major supply zone from 2024 highs) Support: ● 93.00-93.78 (current price, dotted resistance line) ● 88.00 (red horizontal line - broken resistance turned support) ● 86.00-87.00 (rising support, volume shelf) Muh Momentum Indicators: Gaussian Filter (Green/Red Line): ● ✅ GREEN (bullish signal per your rules) ● Trending upward (momentum building) SMA50 (Purple Line): ● Currently around 87-88 ● Price well above SMA50 (93.78 vs ~88) = long bias per your rules Volume Profile (Left Side): ● Heavy accumulation at 87-88 range (thick horizontal bars) ● Thin volume above 93 (air pocket = easy to move higher) Weekly Chart Verdict: ✅ Bullish structure: ● Broke out of 18-month base (80-88 range) ● Trading above SMA50 (long scanning mode) ● Gaussian Filter GREEN (trend up) ● Testing resistance at 93-94 (dotted line) ⚠️ Key decision zone: ● IF breaks above 94-95 = continuation to 98-100 ● IF rejects here = pullback to 88-90 (retest breakout) Macro alignment: ● ✅ Risk-on regime (PMI 52.6, breadth good, yields reversing) ● ✅ JPY weak (carry trade working) ● ✅ NZD high beta (rallies hard in risk-on) 📊 4-HOUR CHART (Entry Timing) Structure: Recent rally: ● Jan 14-21: Sharp rally from ~90 → ~93.5 (breakout move) ● Jan 21-28: Consolidation / mild pullback (~92-93.5 range) ● Jan 28-Feb 3: Breakout attempt (~93.5 → 93.95) Key Levels: Resistance: ● 93.95 (current high, dotted line) ● 94.50-95.00 (next major resistance zone) Support: ● 93.00 (lower dotted line, POC from volume profile) ● 92.50 (Gaussian Filter GREEN line) ● 91.90 (SMA50 purple line, rising support) Muh Momentum Indicators: Gaussian Filter: ● ✅ GREEN and rising (bullish momentum) ● Currently around 92.50 SMA50 (Purple): ● Around 91.90 and rising ● Price above SMA50 (93.95 vs 91.90) = long bias Volume (Bottom Panel): ● Volume declining as price rises (slight concern) ● BUT: Not spiking on selloffs (no panic, just consolidation) 4H Chart Verdict: ✅ Bullish setup: ● Clean uptrend (higher highs, higher lows) ● Gaussian GREEN + rising ● Price above SMA50 ● Consolidation resolved to upside ⚠️ Volume concern: ● Declining volume on rally = needs confirmation ● Breakout above 94.50 needs VOLUME to be trusted Setup: ● IF breaks 94.50 with volume → long entry ● IF rejects and breaks 93.00 → wait for pullback to 92.50-91.90 📊 DAILY CHART (Target Mapping) Structure: Clean uptrend since Nov 2025: ● Nov 2025: Bottomed at ~86-87 ● Dec 2025 - Jan 2026: Grinded higher in rising channel ● Feb 2026: Testing 93.93 resistance (dotted line) Key Levels: Resistance: ● 93.93 (current, dotted line) ● 95.00 (psychological) ● 98.00 (major from weekly chart) Support: ● 91.00 (rising trendline, black diagonal) ● 89.50 (SMA50 purple line, rising) ● 88.00 (major support, red horizontal line) Muh Momentum Indicators: Gaussian Filter: ● ✅ GREEN and curling up ● Around 91.50 SMA50: ● Around 89.50 and rising steadily ● Price well above (93.93 vs 89.50) Volume: ● Recent spike (visible on right side) = breakout attempt ● Declining after spike = needs follow-through Daily Chart Verdict: ✅ Strong uptrend: ● Higher highs, higher lows since Nov ● All moving averages rising ● Gaussian GREEN ● Above SMA50 (long bias) ⚠️ At resistance: ● Testing 93.93 (dotted line) ● Needs to break 94.50-95.00 to confirm continuation Targets if breaks out: 1. 95.00 (psychological) 2. 96.50 (halfway to major resistance) 3. 98.00-100.00 (major supply zone from weekly) 🎯 TRADE SETUP (Combining All 3 Timeframes) Macro + Technical Alignment: FinEco Regime: ● ✅ Risk-on (PMI 52.6, breadth improving, yields reversing) ● ✅ JPY weak (JXY -0.53%, carry trade working) ● ✅ NZD high beta (rallies in risk-on) ● ✅ Yields reversing (easier conditions = bullish for risk) ● ✅ DXY weakening (-0.15% = tailwind for non-USD) Technical: ● ✅ Weekly: Broke out of 18-month base, testing 93-94 ● ✅ Daily: Clean uptrend, Gaussian GREEN, above SMA50 ● ✅ 4H: Higher highs/lows, consolidation resolved upward Your Framework: ● ✅ Price above SMA50 = long scanning mode ✅ ● ✅ Gaussian Filter GREEN = bullish signal ✅ 📋 LONG SETUP (High Conviction) Entry Options: Option 1: Aggressive Breakout Entry Trigger: Break above 94.50 with volume Entry: 94.50-94.70 (on breakout confirmation) Targets: 1. 95.50 (first resistance) 2. 96.50 (measured move) 3. 98.00 (weekly resistance) Stop Loss: 93.00 (below consolidation / Gaussian Filter support) Risk/Reward: ~2.5:1 (risking 150 pips for 350-400 pips) Confirmation needed: ● ✅ Volume spike on breakout (4H chart) ● ✅ Daily close above 94.50 ● ✅ Gaussian Filter stays GREEN ● ✅ Risk-on continues (SPY holding, VIX low, yields stable/falling) Option 2: Conservative Pullback Entry Trigger: Pullback to 92.50-93.00 (Gaussian Filter / support zone) Entry: 92.50-93.00 (on bounce) Targets: Same as Option 1 (95.50 → 96.50 → 98.00) Stop Loss: 91.50 (below Gaussian Filter + rising trendline) Risk/Reward: ~3:1 (risking 130 pips for 350-500 pips) Why this works: ● ✅ Better risk/reward (closer to support) ● ✅ Confirms buyers defend the breakout ● ✅ Aligns with Gaussian Filter (your indicator) Invalidation (When to Abort): ❌ If any of these happen: 1. Breaks below 91.00 (rising trendline on daily) 2. Gaussian Filter flips RED (sell signal per your rules) 3. Breaks below SMA50 (~89.50 on daily) = flips to short scanning 4. Risk-off event: ○ VIX spikes >20 ○ SPY breaks major support ○ Yields spike (10Y >4.40%) ○ Geopolitical crisis (Iran war, etc.) ✅ FINECO AI ASSISTENT'S FINAL VERDICT: Setup Quality: 8.5/10 Strengths: ● ✅ Clean uptrend (higher highs/lows) ● ✅ Macro aligned (risk-on, JPY weak, yields reversing) ● ✅ Indicators confirm momentum (Gaussian GREEN, above SMA50) ● ✅ Broke out of 18-month base (weekly) ● ✅ High beta pair (big moves in risk-on) Weaknesses: ● ⚠️ Volume declining on rally (needs confirmation) ● ⚠️ At resistance (93.95) = extended short-term
Long
by GoldvalleyCap
NZDUSD hit its 1W MA200 for the first time after almost 4 years!Last time we looked at the NZDUSD pair (November 07 2025, see chart below), we gave a timely buy signal at the bottom of its Channel Down, which shortly after it hit our 0.57250 Target: This time we move to the longer term time-frames, the 1W in particular as we have a critical Resistance test for the first time in almost 4 years. It's been the week of April 18 2022 when the pair last time hit its 1W MA200 (orange trend-line). At the same time, it hit the Lower Highs 1 trend-line that started on April 04 2022. This is a strong Resistance cluster and given also that the 1W RSI touched its own 4-year Resistance (63.50), we are turning bearish on this pair, targeting 0.56000, which is just above the long-term Support Zone. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
NZD Looks Bullish (1D)Considering that the price has tapped an important level, collected a large liquidity pool, and formed an internal CH (iCH), on the pullback toward the lower zones which act as supportive order blocks—we will look for long buy positions. The entry point, targets, and stop-loss are marked on the chart. Note that this is on the daily timeframe and may take some time Do not enter the position without capital management and stop setting Comment if you have any questions thank you
Long
by iMoneyTeam
Could this week’s RBNZ cut mark the peak in AUD/NZD? Is it too early to call the Aussie dollar peaking against the New Zealand dollar? Several analysts suggesting the AUD/NZD rally is losing momentum ahead of this week’s Reserve Bank of New Zealand decision. Markets expect the RBNZ to deliver a 25-basis-point cut, taking the Official Cash Rate to 2.25%. Strategists at Bank of New Zealand and National Australia Bank say the currency pair, which recently traded near decade-high levels, may start to retreat toward 1.14 if the RBNZ indicates it is close to ending its easing cycle. Technical signals could be reinforcing the idea that AUD/NZD may be nearing a turning point. A bearish candlestick resembling a shooting star formed on 13 November, a pattern often associated with reversals after extended uptrends. Still, not all factors favour the kiwi. Australia maintains a sizable rate advantage over New Zealand
by BlackBull Markets
1
AUDNZD Massive sell opportunity.The AUDNZD pair has been trading within a 5-year Channel Up since the March 2020 COVID flash-crash. The pattern has been on its latest Bullish Leg since the April 21 Low and just hit this week the 0.786 Fibonacci level of the Channel. The 1.0 - 0.786 Fibonacci Zone has started the pattern's two Bearish Legs. The market already favors selling inside this Zone, with the Risk/ Reward ratio very appealing with the most optimal Sell Signal being when the 1W RSI touches its long-term Higher Highs trend-line. If that happens with the pair around the 0.786 Fib, our Target will be 1.12000 (Fib 0.382). If it happens with the pair closer to the 1.0 Fib, our Target will be 1.11000 (Fib 0.236). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
NZD/USD: Tech and Geostrategic Levers for ReboundThe NZD/USD pair currently trades near $0.5640$, softening after the Reserve Bank of New Zealand (RBNZ) survey. Two-year inflation expectations held steady at $2.28\%$ for Q4 2025. This neutral RBNZ outlook currently limits the New Zealand Dollar's (NZD) strength. Furthermore, the likely end of the US government shutdown supports the US Dollar (USD). Despite these immediate headwinds, several structural and technological factors create significant upside potential for the Kiwi currency. Macroeconomic Catalyst: US Labor Weakness The USD presently gains strength from the US Senate's vote to end the government shutdown. Nevertheless, the post-shutdown release of delayed US economic data, specifically the Nonfarm Payrolls (NFP), creates high-risk volatility. Private-sector surveys recently indicated a cooling trend in the US labor market. Any weakness confirmed by official US data will immediately exert severe selling pressure on the USD. This scenario presents the most potent near-term catalyst for NZD/USD appreciation. Geostrategic Stability and Trade Corridors New Zealand maintains a stable and predictable political environment. This institutional quality significantly enhances global investor confidence. Geostrategically, New Zealand benefits from its reliable trade links, primarily with the Asian economies. While US-China trade tensions create short-term market risk, New Zealand’s role as a smaller, diversified commodity and services provider mitigates the direct impact severity. The country remains a highly reliable partner, fostering strong long-term capital inflow. High-Tech Diversification and Patent Strength New Zealand actively pivots its economy toward higher-value exports. Technology, especially Agritech and Fintech, is driving growth. The tech sector currently ranks as the third-largest export industry, increasing foreign currency revenue. Strong R&D investment supports this structural diversification. New Zealand creates patented solutions for sustainable agriculture worldwide . Global demand for these science-backed, proprietary solutions structurally supports NZD strength long-term. Conclusion The NZD faces short-term pressure from US political resolution and RBNZ neutrality. However, market participants must look beyond immediate volatility. Structural drivers are in place. These include conditional USD weakness and New Zealand's growing strength in high-tech exports and geopolitical reliability. We project these factors will drive the NZD/USD pair higher as the market shifts focus from present risks to future economic fundamentals.
Short
by the5erstrading
NZDUSD Channel Down forming a Low. Buy Signal.The NZDUSD pair has been trading within a Channel Down since the July 01 2025 High and is currently approaching its bottom (Lower Lows trend-line). Four out of five Lower Lows have rebounded on a Bullish Leg to at least the 0.618 Fibonacci retracement level. With the 1D RSI also oversold, we expect a new Bullish Leg to start and target yet again the 0.618 Fib at 0.57250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
7
RBNZ stuck between growth & inflation - what’s next for Kiwi?New Zealand’s inflation rate is no longer falling. The annual inflation rate rose to 3%, hitting the top of the Reserve Bank of New Zealand’s target band and marking a 15-month high, up from 2.7% previously. Because this increase was in line with forecasts, it is unlikely to stop the RBNZ from cutting rates further. Markets expect the central bank to lower the Official Cash Rate once more next month, its final decision of the year, bringing it to 2.25%. However, there is a risk that lower rates could overstimulate inflation. That tension is possibly reflected in the New Zealand dollar. The NZD has possibly found support as traders weighed the possibility that this might be the last in the current cycle. On the chart, NZDUSD has bounced from the 0.5650 area, its lowest since early 2024, before recovering toward 0.5740. If inflation remains sticky and the RBNZ turns more cautious, the kiwi could strengthen back toward 0.5850. But if economic data continue to deteriorate and rate cuts proceed as planned, renewed weakness toward 0.5600 or lower remains a possibility.
by BlackBull Markets
50 bps RBNZ risk: NZD/USD targets and key levels The Reserve Bank of New Zealand (RBNZ) is widely expected to lower its interest rate at its 8 October meeting, though the scale of easing remains in debate. Market pricing currently leans toward a 25 basis-point reduction, with a roughly a 55.5% probability of that outcome and 44.5% odds of a larger cut. Scenario Analysis If the RBNZ cuts by 25 bps: • As this is the base case, markets might only see modest downside pressure on NZD/USD. The pair could drift toward 0.5750 and potentially 0.5700 if the Bank signals further easing ahead. If the RBNZ cuts by 50 bps: • A larger-than-expected cut could accelerate NZD selling, particularly if accompanied by a dovish tone. In this scenario, NZD/USD could break below 0.5750 support and test 0.5600 in the days following the decision. If the RBNZ holds rates steady: • A surprise hold could trigger a short-covering rally, pushing the pair back above 0.5900 and potentially retesting the 0.6000 area as traders reprice the path of policy easing.
by BlackBull Markets
NZDUSD Hits Strong Resistances – Bearish Reversal Ahead?NZDUSD ( OANDA:NZDUSD ) is currently trading near the Resistance zone($0.6000-$0.5958) , Potential Reversal Zone(PRZ) , and Resistance lines . From a classical technical analysis perspective, NZDUSD seems to be completing the Ascending Broadening Wedge Pattern . From an Elliott wave theory perspective, NZDUSD seems to have completed the microwave C of the microwave Y of the main wave B . So we should wait for the next bearish waves . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect NZDUSD to drop to at least $0.5890(First Target) . Second Target: $0.5865 Third Target: $0.5828 Stop Loss(SL): $0.5983 Note: Today's US data release could cause a shock to NZDUSD, but ultimately, NZDUSD will continue its downward trend (at least to the first target). Please respect each other's ideas and express them politely if you agree or disagree. New Zealand Dollar/ U.S. Dollar Analyze (NZDUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
NZD/USD Rally Attempts, Will Buyers Stay in Charge?Market Analysis: NZD/USD Rally Attempts, Will Buyers Stay in Charge? NZD/USD is also rising and might aim for more gains above 0.5920. Important Takeaways for NZD USD Analysis Today - NZD/USD is consolidating gains above the 0.5880 pivot level. - There was a break above a major bearish trend line with resistance at 0.5870 on the hourly chart of NZD/USD. NZD/USD Technical Analysis On the hourly chart of NZD/USD at FXOpen, the pair started a decent increase from 0.5830. The New Zealand Dollar broke the 0.5855 barrier to start the recent rally against the US Dollar. Moreover, there was a break above a major bearish trend line with resistance at 0.5870. The pair settled above 0.5875 and the 50-hour simple moving average. It tested 0.5920 and is currently consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the 0.5833 swing low to the 0.5917 high. The NZD/USD chart suggests that the RSI is stable above 50. On the upside, the pair might struggle near 0.5905. The next major resistance is near the 0.5920 level. A clear move above 0.5920 might even push the pair toward 0.5965. Any more gains might clear the path for a move toward the 0.6000 handle in the coming days. On the downside, immediate support is near the 0.5875 level. The first key zone for the bulls sits at 0.5855 and the 76.4% Fib retracement. The next key level is 0.5840. If there is a downside break below 0.5840, the pair might slide toward 0.5800. Any more losses could lead NZD/USD in a bearish zone to 0.5750. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
NZDUSD Channel Down targeting 0.57500.The NZDUSD pair has been trading within a Channel Down since the July 01 High and right now it is on its latest Bullish Leg. The 1D RSI has already touched its Lower Highs trend-line, so that's an indication that the Bullish Leg might have topped already, given also the fact that the price has almost touched the 0.618 Fibonacci retracement level also, marginally above which all previous Lower Highs have been made. As a result, we can expect the new Bearish Leg to decline by as much as -3.13% (according to the declining rate on every Bearish Leg), with our fair Target placed at 0.57500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDUSD Excellent buy opportunity on the Channel Up bottom.Last time we looked at the NDUSD pair (May 27, see chart below), we gave a buy signal that in a few days hit our 0.60900 Target: This time the price is trading exactly at the bottom of a 3-month Channel Up, with the 1D RSI entering its Support Zone. The true Support might be a little lower on the 1D MA200 (orange trend-line) and as long as it holds, the trend will remain bullish, but this is the first strong buy signal of the chart. Our Target is 0.61450, which will be a +4.10% rise, exactly the same as both previous Bullish Legs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZDUSD Pullback in Play – Head & Shoulders Signals More DownsideNZDUSD ( OANDA:NZDUSD ) is currently trading near the Resistance zone($0.612-$0.605) and has also managed to break the Support zone($0.604-$0.602) . We consider the Support zone as the neckline of the Head and Shoulders Pattern . In terms of classic technical analysis , NZDUSD has managed to form a Head and Shoulders Pattern . I expect NZDUSD to decline towards the Support zone($0.5968-$0.5946) after completing the pullback . Note: Stop Loss(SL): $0.6062 Please respect each other's ideas and express them politely if you agree or disagree. New Zealand Dollar/ U.S. Dollar Analyze (NZDUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
NZD/USD 2 moves away from wiping out June’s rallyThe RBNZ is widely expected to hold the Official Cash Rate at 3.25% this Wednesday. NZIER’s Shadow Board advises against a cut, noting the economy remains weak but inflation pressures are mixed. Markets see just a 10–15% chance of a cut this week but still price for further easing by October. NZD/USD has pulled back sharply from 0.6100, with price now possibly consolidating around 0.6000. This area coincides with a key support-turned-resistance level that capped price action in mid-June. If the pair breaks below 0.5980, the next support sits near 0.5935 – a level that triggered a strong bounce on June 21. A break below that could open the way toward 0.5900 and 0.5860. On the upside, if the 0.6000 handle holds, short-term resistance lies at 0.6030, with stronger pressure at 0.6065.
by BlackBull Markets
A Detailed Technical, Fundamental, and Macro AnalysisNZD/USD Trading Plan: A Detailed Technical, Fundamental, and Macro Analysis 1. Technical Analysis: The 30-minute chart of NZD/USD highlights key price action within a well-defined channel between crucial support and resistance levels: Resistance (0.60769): The price is testing significant resistance around 0.60769. If this level is broken, the price could continue higher, indicating further upward momentum. Support (0.60271): A strong support level is found at 0.60271. If the price retraces and holds this level, a potential rebound could take place. EMA (Exponential Moving Averages): EMA 13 (Blue): Currently moving upwards, confirming a bullish short-term trend. EMA 34 (Yellow) and EMA 89 (Red): These are trending sideways, suggesting that the market is in a consolidation phase, waiting for further signals. 2. Fundamental Analysis: FED's Monetary Policy: The actions and statements of the Federal Reserve regarding interest rates have a significant impact on the USD. If the FED maintains or hikes rates, this could push the USD higher, putting downward pressure on NZD. New Zealand Economic Indicators: The strength of New Zealand's economy, particularly export data, plays a vital role in supporting or weakening the NZD. Positive economic reports could support a bullish NZD. 3. Macroeconomic Analysis: Global Risk Sentiment: Market sentiment is being influenced by global factors like trade tensions, economic growth projections, and political factors. A shift in risk sentiment, especially regarding the U.S. economy or geopolitical tensions, could lead to significant price movements in the NZD/USD pair. 4. Buy and Sell Zones: BUY ZONE: Entry: 0.60271 - 0.60300 SL (Stop Loss): 0.60200 TP (Take Profit): 0.60700 → 0.60769 → 0.60900 SELL ZONE: Entry: 0.60750 - 0.60800 SL: 0.60900 TP: 0.60300 → 0.60200 → 0.60100 5. Strategy: Buy Orders: If price consolidates at the support level of 0.60271 and shows confirmation with EMA indicators, consider a buy with a target at 0.60769. Sell Orders: If price fails to break through the resistance at 0.60769, a sell order could be placed, targeting the 0.60271 support level. 6. Market Sentiment: The market is highly sensitive to news and economic reports, and therefore, it is essential to remain alert to potential volatility. Any major economic release from New Zealand or U.S. Federal Reserve news could significantly influence the pair.
Short
by MMFlowTrading