The New Zealand dollar is in positive territory on Wednesday. In the European session, NZD/USD is trading at 0.5926, up 0.26%.
New Zealand's manufacturing sector has been in decline for seven consecutive months and little change is expected from the October PMI, which will be released on Friday. The market consensus stands at 45.0, compared to 45.3 in September,...
Preferred direction: Neutral
Comment: The situation with the New Zealand dollar is similar to the situation with the euro. In the short term, there will most likely be a slight upward impulse, after which there will be a continuation of the fall within the framework of the medium-term downward trend. The long-term picture is also on the side of sellers.
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NZDUSD witnessed its third consecutive day of decline. However, the downward momentum appears relatively mild, given that three days of decline do not match the intensity of the preceding single day of increase. The price is currently undergoing a retest, suggesting a potential stabilization. The chart structure on NZDUSD D1 indicates a cumulative sideways...
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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FX:NZDUSD dives to a three-day low of 0.5906 below the 50-day moving average (DMA) at 0.5913, despite the Greenback (USD) trading unchanged as shown by the US Dollar Index (DXY), while US Treasury bond yields drop for the second consecutive day. The pair exchanges hands at 0.5910, down 0.39%.
The downtrend portrayed in the NZD/USD daily chart suggests the pair...
the price printed an unconfirmed double bottom, now it's about to go take out all the stops by going to test the order block on the stop loss zone, we'll be waiting for a buy setup below the two equal lows.
NZD/USD has finished retracing I'm currently waiting for price to drop a good bit and to continue bearish pressure to the downside towards 0.56984 target.
NZDUSD is experiencing its second consecutive day of losses. The D1 candlestick chart from yesterday displayed a downward trend with a modest lower shadow, indicating that selling pressure was relatively subdued. The price is currently rebounding from these declines. NZDUSD's daily chart continues to exhibit a sideways consolidation pattern.
While the hourly H1...
The US Dollar (USD) takes a brief pause and consolidates its strong recovery gains registered over the past two days, which, in turn, is seen lending some support to the NZD/USD pair. Declining US Treasury bond yields, along with a generally positive risk tone, keep a lid on the safe-haven buck. Traders, however, seem reluctant to place aggressive bets and prefer...
NZDUSD could fall towards an overlap support and potentially break below this level to drop lower towards our take profit target.
Entry: 0.59169
Why we like it:
There is a potential breakout level
Stop Loss: 0.59423
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Take Profit: 0.58667
Why we like it:
There is...
"I am expecting a long trade in NZD/USD, following the trend from the daily support zone where the current market price is. On the 1-hour chart, there is a very nice double bottom pattern formed with its neckline broken to the upside. We are now waiting for a retest of that neckline.
ENTRY: 0.59295,
STOP LOSS: 0.5900,
TARGETS: 0.5970 0.5981 and 0.5998.
The New Zealand dollar is down sharply on Tuesday. In the North American session, NZD/USD is trading at 0.5927, down 0.61%. It has been a roller-coaster ride for the New Zealand currency, which continues to swing wildly. Last week, NZD/USD surged 3.24%, its best weekly performance since October 2022. This week has been all red for the New Zealand dollar, which has...
Nzdusd has closed a bearish shooting star on the daily tf yesterday. This will cause a drastic drop soon after a retest of this zone. Expect a fakeout to around 0.60200. Buy now.
Nzdusd look Bullish the market structure has formed a HL and is currently rejecting the support zone and market could make a HH to continue in the trend overall direction
💰Take Profit 1 - 0.5877
💰Take Profit 2 - 0.5827
💰Take Profit 3 - 0.5777
❌ Stop loss - 0.6057
Technical analysis:
The NZDUSD pair is currently in a bearish trend, and it is currently trading near the top of its range. The current spot rate is 0.5957, and a sell entry point of 0.5957 is just below the recent high of 0.6057.
The pair is also trading below its...
