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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

NZDUSD Sellers In Panic! BUY! My dear friends, My technical analysis for NZDUSD is below: The market is trading on 0.5797 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.5839 Recommended Stop Loss - 0.5776 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDUSD - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher Your success is determined solely by your ability to consistently follow the same principles.
Long
by Maks_Klimenko
Weekly Analysis - NZD/USD"On Monthly: It continued Bearish move towards 0.58000 Psychological number that has been tested many times in the past. All three EMA 200, 50 and 20 (BGR) are Bearish. -- On Weekly: It seems it has made a Bi-Lateral flag after a major Bearish move since 2021. It confirms the Bearish move towards the 0.5800 and Trendline. --On Daily: It has made a Double Top to continue Bearish move. Once it hit 0.58000, and depending on the reaction afterward, I would pick the trade. -- On Hourly: Hourly chart doesn't add much to the picture. There is less than 30 Pips to 0.58000. you may notice Head & Multi-Shoulders formation to support Bearish move along with all three EMAs 20, 50 and 200 (RGB)."
by Ha-Lion
NZD/USD: Bulls Reloading at Demand ZonesOn the NZD/USD chart, price has reached a critical juncture near two strong demand zones (highlighted in purple). These zones represent areas where institutional buyers could step in, given their historical significance. The recent sell-off appears to have grabbed liquidity below local lows (red dotted lines), setting the stage for a potential bullish reversal. If price reacts strongly within these zones, we could see a recovery targeting liquidity above the highs marked at 0.5865 and beyond. The plan involves waiting for bullish confirmations such as higher highs or engulfing patterns to enter long positions, with stops placed below the lower demand zone for protection. Initial targets focus on taking profits at key liquidity levels, while the overall bias remains bullish as long as the demand zones hold. Patience is key to trading this setup successfully.
Long
by TopGBanks
"NZDUSD: Room for Further Decline?"NZDUSD: Approaching a Critical Support Zone Amid a Strong Bearish Outlook The NZDUSD pair is gravitating towards a significant support zone that it last tested over a year ago. This return to familiar territory comes under the shadow of a strengthening US dollar, which continues to exert downward pressure on the pair. The growing momentum behind the dollar and New Zealand's lackluster economic fundamentals are intensifying the likelihood of a major support level breakdown, potentially paving the way for deeper declines. Bearish Momentum in Full Swing The broader downtrend in NZDUSD remains firmly intact, driven by several key factors: Rising Dollar Strength: The US dollar has been bolstered by robust macroeconomic data, tighter monetary policy signals, and increased demand as a safe-haven asset in a volatile global environment. Weak New Zealand Fundamentals: New Zealand’s economic landscape offers little support for its currency, with lower growth forecasts and subdued sentiment adding to the downside pressure. Technical Weakness: The price action clearly reflects sellers' dominance, with the pair facing persistent resistance while struggling to hold onto key support levels. Testing Key Zones: Resistance vs. Support The pair is currently navigating a critical battle between resistance and support levels. A detailed breakdown is as follows: Resistance Levels: The 0.577 and 0.5817 levels are acting as formidable barriers for any bullish attempts. Each time the price approaches these zones, selling pressure intensifies, capping upward momentum. Support Levels: On the downside, 0.575 serves as an immediate level of interest, while the next significant floor lies at 0.562. This lower support remains untested in recent months and could act as the next price magnet should the pair breach the current descending channel. Descending Channel in Focus The NZDUSD is confined within a well-defined descending channel, which has dictated price movements for several sessions. Currently, the lower boundary of this channel is acting as temporary support, holding the pair above critical levels. However, the technical picture suggests that any decisive break below this channel could trigger a cascade of sell orders, as there is minimal structural support below until 0.562. Scenario Analysis: What Lies Ahead? Bearish Breakout: If the descending channel support fails and the price consolidates below this level, we may see a rapid acceleration of the downtrend. In this scenario, sellers would likely push the price toward the 0.562 mark, with minimal obstacles in their path. Temporary Correction: While bearish sentiment dominates, a temporary corrective bounce cannot be ruled out. Should buyers manage to defend the current support zone, the price could revisit the resistance levels at 0.577 and possibly 0.5817. However, such a move would likely be limited to short-term retracements rather than a trend reversal. Support Retest and Breakdown: The most probable outcome remains a retest of the support zone. Given the current macroeconomic backdrop and technical setup, any subsequent breakdown of this support could trigger fresh selling, opening the door for a deeper slide to 0.562. Conclusion: Downtrend Unlikely to Reverse Despite the possibility of minor corrections, the overall picture for NZDUSD remains overwhelmingly bearish. The combination of a strengthening US dollar, weak fundamentals for the New Zealand dollar, and a bearish technical setup creates a perfect storm for continued downside pressure. Traders should keep a close eye on the support zone near 0.575 and the descending channel boundary. A decisive break below these levels would confirm the next phase of the downtrend, targeting 0.562 in the near term. On the other hand, a sustained bounce above current levels might offer a brief reprieve, though it is unlikely to signal a reversal of the prevailing bearish trend.
Short
by lonelyPlayer0
NZDUSD Wave Analysis 18 December 2024 - NZDUSD broke long-term support level 0.5770 - Likely to fall to support level 0.5500 NZDUSD currency pair earlier broke below the long-term support level 0.5770 (which acted as the lower border of the weekly sideways price range inside which the pair has been trading from the start of 2023). The breakout of the support level 0.5770 accelerated the active impulse wave C of extended downward ABC correction (2) from last year. NZDUSD can be expected to fall further to the next support level 0.5500 (former multiyear low from 2022 and the target price for the completion of the active impulse wave C).
Short
by FxProGlobal
New Zealand slides after Fed rate cut, NZ GDP nextThe New Zealand dollar has declined sharply on Wednesday. In the North American session, NZD/USD is trading at 0.5685, down 1.2% on the day. The New Zealand dollar has been in freefall, plunging 11.6% since Oct. 1. New Zealand's economy is expected to contract in the third quarter by 0.4% q/q, after a 0.2% decline in Q2. If the economy  contracted for back-to-back quarters as expected, it would mean that the economy is in a technical recession.  Construction and manufacturing activity declined in the third quarter and a severe power crisis led to a decrease exports, all of which dampened GDP. The Reserve Bank of New Zealand slashed rates by 50 basis points last month, lowering the cash rate to 4.25%. The central bank has trimmed rates by 125 bp since August but the economy is clearly in need of further cuts. Inflation is back within the target of 1% to 3% and we can expect another cut at  the next meeting in February barring a surprise jump in inflation. There wasn't much excitement around today's Federal Reserve meeting, as the market had priced in a quarter-point cut at close to 100%. This is exactly what happened, as the Fed cut rates for a third time this year. The Fed signaled that it expected to cut rates only two times in 2025, lower than previous projections of four rate cuts. With the US economy in solid shape and the downswing in inflation stalled, the Fed can afford to take its time before the next rate cut. The market will hear from Fed Chair Powell shortly. Powell could reiterate that the Fed plans to cut rates "gradually", which means modest cuts of 25 basis points. NZD/USD is testing support at 0.5715. Next, there is support at 0.5665 There is resistance at 0.5801 and 0.5849
by OANDA