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NZDUSD

Potential bullish rise?NZD/USD has just bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6048 There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance. Pivot: 0.6103 1st Support: 0.6048 1st Resistance: 0.6167 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
XAU/USD : Potential Upside After Reaction to Key Demand ZoneBy analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price responded positively to it. Currently, gold is trading around $2331, having broken yesterday's high. If the price stabilizes above $2327, we can anticipate further growth in gold, with the first target being the liquidity pool above $2342. Additionally, there's a Fair Value Gap (FVG) ahead that might be filled next week, ranging between $2348 and $2373. This presents an exciting opportunity for traders to watch for potential movements in the market. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
74
Potential bullish bounce?NZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6046 Why we like it: There is a pullback support that likes up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
NZD/USD Set to Rise: Leveraging Soft CPI and Fed Rate Cut ImpactHello Traders, In today's trading session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61500 zone. Currently, NZD/USD is trading in an uptrend and is undergoing a correction phase. This correction is bringing the pair closer to the key support and resistance area at 0.61500, a level that has historically acted as a significant pivot point. From a fundamental perspective, yesterday's CPI data came in softer than expected. This indicates that inflationary pressures are not as strong as anticipated, suggesting a more subdued economic environment. Lower inflation reduces the urgency for aggressive monetary tightening, leading to market expectations of a more cautious approach from the Federal Reserve. In response to the softer CPI data, the Federal Reserve did cut interest rates in its latest FOMC meeting. This dovish move is expected to weigh heavily on the USD, as lower interest rates generally lead to a weaker currency. This scenario supports our bullish outlook on NZD/USD, as a weaker USD increases the attractiveness of the NZD. Given these fundamental developments, the 0.61500 zone presents a strategic entry point for long positions in NZD/USD. Trade safely, Joe
Long
by JoeChampion
2
NZD/USD Exchange Rate Falls from Nearly 5-Month HighNZD/USD Exchange Rate Falls from Nearly 5-Month High The NZD/USD exchange rate has dropped from its highest level in nearly five months. On Wednesday, following the release of US inflation data, the NZD/USD rate exceeded 0.6220 for the first time since 15 January 2024. However, today the rate has fallen approximately 1.3% from Friday’s peak, suggesting that the market's reaction to the US inflation news was overly emotional. According to Reuters: → Fed Chair Jerome Powell indicated a readiness to keep rates steady until clearer economic signals suggest a need for cuts. → Traders have reduced the likelihood of a Fed rate cut at the September meeting. Meanwhile, the Reserve Bank of New Zealand does not plan to cut rates at all in 2024. According to Trading Economics, any rate cuts are unlikely before mid-2025. Thus, the policies of the two central banks are balanced, and the current drop from nearly a 5-month high may be a return to a more balanced valuation after an emotional surge into overbought territory. The RSI indicator supports this view. Further technical analysis of the NZD/USD chart provides more valuable insights: → Since mid-April, the market has been in an ascending channel (shown in blue); → The June peak appears to be a false breakout of the April-March highs; → This week, the price failed to reach the upper boundary of the channel and fell sharply to the lower boundary – a bearish sign. The lower boundary may provide support after Thursday's decline, but if this only leads to a weak rebound, the channel could become more vulnerable to a bearish breakout. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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
2
NZD/USD: Takeaways into ThursdayNZDUSD – Technical Overview The overall pressure remains on the downside, with the market stalling on attempts to move up into the 0.6500 area. However, there are indications that the market may be attempting to establish a longer-term base. To alleviate medium-term downward pressure and support this prospect, a break back above 0.6500 is necessary. A monthly close below 0.5800 would intensify bearish price action. R2: 0.6222 – 12 June high – Strong R1: 0.6200 – Figure – Medium S1: 0.6083 – 22 May low – Medium S2: 0.6031 – 15 May low – Strong NZDUSD – Fundamental Overview The New Zealand Dollar has benefited from the risk-on sentiment following the latest soft CPI print from the US, which has renewed demand for risk-correlated assets. However, rallies have been hindered by more hawkish communications from the Fed. Key highlights on Thursday's calendar include German wholesale prices, Eurozone industrial production, US producer prices, US initial jobless claims, and some Fed speak. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
More Upside For Kiwi After A Pause New Zealand dollar (NZD) is declining against the US dollar (USD) since the end of last week when the US dollar surged following strong and unexpected jobs data, despite the US unemployment rate rising to 4%. Analyzing the updated wave structure, we observe that the price is trading outside of the upward channel, indicating that a correction is taking place. This is totaly normaly and expected as we can count a completed five-wave rise from April lows to June highs. Ideally, this current move is a temporary pause, forming a three-wave correction (ABC). Therefore, we expect a new upward resumption after this setback. The support levels to watch are the 50% retracement at 0.6035 and the 61.8% retracement at 0.6000, which also aligns with psychological and technical support levels from April's swing highs and May's swing lows.
Long
by ew-forecast
Overlap resistance ahead, could it reverse?NZD/USD is rising towards a resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6169 Why we like it: There is an overlap resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.6215 Why we like it: There is a pullback resistance level. Take profit: 0.6091 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
NZD/USD: Key Levels and Upcoming EventsHello Traders, In today's session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61000 zone. Currently, NZD/USD is in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 0.61000. Please be aware that tomorrow's trading will be influenced by significant events: the release of the CPI data and the FOMC meeting a few hours later. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially weakening the dollar. Trade safely, Joe
Long
by JoeChampion
1
Levels discussed during livestream 11th June11th June DXY: retraced and consolidating, looking to trade higher towards 105.60 resistance. NZDUSD: Sell 0.6115 SL 25 TP 35 AUDUSD: Looking for a reaction at 0.6570 USDJPY: Consolidating, Buy 157.50 SL 20 TP 45 (quick trade) GBPUSD: Sell 1.2680 SL 20 TP 35 EURUSD: Sell 1.0720 SL 20 TP 45 USDCHF: Look for reaction at 0.9012 resistance USDCAD: Buy 1.3790 SL 20 TP 50 Gold: Needs to stay below 2315 for bearish downside continuation, strong support at 2280, looking for a bounce
TVC:DXY
by JinDao_Tai
Kiwi H4 | Potential bullish bounceThe Kiwi (NZD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.6101 which is a pullback support. Stop loss is at 0.6072 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 0.6167 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM