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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

The image shows a candlestick chart of the NZD vs USDThe image shows a candlestick chart of the New Zealand Dollar vs. the US Dollar (NZDUSD) on October 5, 2024. The chart is for a 2-hour timeframe and is provided by OANDA. The current price is 0.61586. The chart shows the price action from the 16th to the 15th. It shows the currency pair trading within an upward channel. The blue arrow is pointing up, indicating that the price is likely to continue moving higher. The orange line represents a support level, which is a price level where buying pressure is expected to increase. The red dotted line represents resistance, where selling pressure is expected to increase.
Short
by laswaii4
NZDUSD Set To Grow! BUY! My dear subscribers, My technical analysis for NZDUSD is below: The price is coiling around a solid key level - 0.6201 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, gIving a perfect indicators' convergence. Goal - 0.6259 My Stop Loss - 0.6167 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZD/USD Slips as Fed Powell Hints at Gradual Rate CutsThe NZD/USD pair has been losing ground in the wake of Federal Reserve Chair Jerome Powell's recent remarks, indicating that interest rates will be lowered gradually "over time." This dovish signal from Powell has bolstered the US Dollar, placing additional pressure on the New Zealand Dollar (NZD). Adding to the bearish sentiment, the upcoming US ISM Manufacturing PMI for September is projected to show a slight improvement, with expectations set at 47.5 compared to the previous reading of 47.2. A better-than-expected result could further support the USD, reinforcing the downward trajectory of the NZD/USD pair. On the New Zealand front, economic data has also been less than favorable. The country’s Building Permits fell by 5.3% month-over-month in August, a significant reversal from the substantial 26.4% increase recorded in July. This decline reflects a slowdown in the construction sector, further weakening the New Zealand Dollar. From a technical perspective, NZD/USD has reached a key supply area where the price seems to be reversing. The Commitment of Traders (COT) report also aligns with this potential reversal, showing a shift in sentiment towards the USD. Coupled with the latest economic news and the anticipation of stronger US data later today, the technical indicators and fundamentals both point to a continued bearish outlook for NZD/USD. In conclusion, with Powell’s dovish comments, weak New Zealand data, and the likelihood of stronger US economic reports, the NZD/USD pair appears poised for further declines. Traders should watch for confirmation from today’s ISM Manufacturing PMI release, which could boost the USD further and solidify the reversal in NZD/USD. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
NZD/USD Bears Eye Deeper Correction Amid Positive US JOLTS ReporThe NZD/USD pair continues its bearish trajectory following the release of strong US JOLTS Job Openings data yesterday. This has intensified market speculation about the resilience of the US labor market, which could lead to further tightening by the Federal Reserve. As a result, the Kiwi dollar has come under pressure, with bears targeting a deeper correction. In our previous forecast: we highlighted the potential for a drop after NZD/USD encountered strong resistance in a key supply zone. The price has continued its downward momentum, confirming our analysis, and the Commitment of Traders (COT) report further supports a bearish continuation, with commercial hedgers reducing their long positions. The market dynamics show potential for the trend to reach our second take-profit target. Fundamental Outlook: Labor Market Signals Weigh on Kiwi The US JOLTS report, showing unexpectedly high job openings, signals strength in the labor market. This is significant because robust employment data often leads to increased expectations for tighter monetary policy from the Federal Reserve. As the central bank looks to combat inflation while maintaining economic stability, positive labor indicators like these reinforce the likelihood of interest rates remaining elevated for an extended period. On the New Zealand side, a mixed economic outlook and weakening demand for riskier assets have further pressured the NZD. With inflation in check but economic growth showing signs of stagnation, the Reserve Bank of New Zealand (RBNZ) is not expected to be as aggressive as the Fed in future monetary policy moves. This policy divergence creates a favorable environment for NZD/USD bears. COT Report Signals Further Downside The COT report confirms that the institutional market is shifting towards further bearish positions in NZD/USD. Commercial traders have been reducing their long exposure, while speculators are increasingly taking short positions. This sentiment, combined with the technical rejection in the supply area, suggests that the trend is far from over. Key Data to Watch: US Unemployment Claims Today, traders will be closely watching the release of **US Unemployment Claims** data. If the numbers come in better than expected—indicating a stronger labor market—this could further bolster the US dollar and drive NZD/USD lower. A positive surprise in the data would support the case for the Fed to maintain its current stance on interest rates, thus enhancing the bearish outlook for NZD/USD. Technical Analysis: Deeper Correction in Sight Technically, the NZD/USD remains under pressure after its rejection at the supply area. The price is trending below key moving averages, and momentum indicators show bearish divergence, suggesting that the downside momentum is still strong. A break below the recent low could open the door for further losses. In conclusion, NZD/USD bears are firmly in control, and with favorable economic data from the US, a deeper correction seems likely. Traders should keep an eye on today’s Unemployment Claims report for further clues on the pair’s direction. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Potential bullish rise?NZD/USD is reacting off the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could rise from this level to our take profit. Entry: 0.6209 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension. Stop loss: 0.6154 Why we like it: There is an overlap support level that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.6259 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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 H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6260, which is a pullback resistance Our take profit will be at0.6157, an overlap support level close to 78.6% Fibo retracement The stop loss will be placed at 0.6372, above the swing-high resistance level. 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. 73% 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.
Short
by FXCM
Kiwi breaking down as US economic data heats upNZD/USD is breaking down, slicing through uptrend support on the daily chart as we head towards nonfarm payrolls. With momentum indicators providing bearish signals, selling rallies and breaks is preferred near-term. If we see a push back towards the former uptrend today, consider selling with a tight stop above for protection against reversal. Potential downside targets include .6157, the 50DMA and .6109 where the price bounced strongly from on September 11. While the payrolls report could generate any number of market reactions depending on the prevailing narrative, give the threat posed by an escalation in geopolitical tensions over the weekend, riskier currencies such as the Kiwi may struggle for meaningful upside in the current environment. Good luck! DS
Short
by FOREXcom
NZDUSD to continue in the downward move?NZDUSD - 24h expiry Price action looks to be forming a top. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.6200 will confirm the bearish momentum. We look to Sell at 0.6240 (stop at 0.6270) Our profit targets will be 0.6180 and 0.6175 Resistance: 0.6225 / 0.6240 / 0.6250 Support: 0.6200 / 0.6180 / 0.6175 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
NZD/USD Bears Target Deeper Correction Amid US Dollar StrengthIn the daily time frame, ERRANTE:NZDUSD has entered a corrective phase following a significant uptrend that began in mid-July. After climbing steadily, the pair is now showing signs of weakness, as sellers attempt to capitalize on the recent reversal. The ERRANTE:NZDUSD pair is facing strong selling pressure as the US dollar gains strength, with sellers eyeing deeper support levels at 0.62175 and 0.61996. A sustained break below these levels could lead to further declines toward 0.61739 and potentially 0.61257. However, a break above 0.62518 would shift the outlook and set the stage for a recovery toward 0.63148 and beyond. Traders should remain alert to key US economic data releases, as any surprise in the jobless claims or ECONOMICS:USBCOI ISM non-manufacturing PMI could lead to significant moves in the pair. The path forward for NZD/USD remains dependent on the balance between Fed policy expectations and global risk sentiment. Read the full article here: erranteacademy.com
Short
by Errante
Kiwi H1 | Falling to 61.8% Fibonacci supportThe Kiwi (NZD/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.6217 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.6195 which is a level that lies underneath the 61.8% Fibonacci retracement level. Take profit is at 0.6254 which is a pullback 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. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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
1
Potential bullish reversal?The Kiwi (NZD/USD) is falling towards the pivot and could reverse to the 1st resistance level which is an overlap resistance. Pivot: 0.6235 1st Support: 0.6189 1st Resistance: 0.6298 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