NZDUSDI am looking for a rise in NZDUSD up to the price of 0.62983 with partial profit level being at 0.62738. If the current level at around 0.62452 can hold, then I see the upward movement playing out.
USDNZD trade ideas
NZD_USD LOCAL LONG|
✅NZD_USD is trading in an
Uptrend so we are bullish
Biased and after the
Retest of the horizontal
Support level of 0.6220
We will be expecting a
Bullish rebound
LONG🚀
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My story on NUPrice has violated the MA on the 1h and price is currently at a 15m FVG and confluences with a psychological level
NZD/USD Buy idea 1d and 4h up trend
bullish flag pattern
support and resistance
impulse-correction=impulse
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Sell nzdusdFalse break out
Nice daily price rejection
Daily chart overbought and expecting some bearish correction
Sell nzdusdFalse break out
Nice daily price rejection
Daily chart overbought and expecting some bearish correction
BUY NZDUSDThe 4H timeframe shows the price breaks the highs.
Now, as it is indicated in the chart, it pulls back to the critical zone wher we may see upward move again.
Keep watching.
We expect to break above previous high.
NZD-USD Bullish Bias! Buy!
Hello,Traders!
NZD-USD is trading in an
Uptrend and the pair is making
A bearish correction but will soon
Retest a horizontal support
Of 0.6203 from where
We will be expecting a
Further move up
Buy!
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Check out other forecasts below too!
NZDUSD: ITF CURVE ANALYSIS (8H) - DOWNTREND✨NZDUSD: ITF CURVE ANALYSIS (8H) ✨ (DOWNTREND)
SLO4 @ 0.63439 ⏳(LOW POTENTIAL)
SLO3 @ 0.62919 ⏳
SLO2 @ 0.62886 ⏳
SLO1 @ 0.62689 ⏳
SSO1 @ 0.62587 - TRIGGERED
SSO2 @ 0.62508 - TRIGGERED
SLO3 @ 0.6240 - TRIGGERED
TP1 @ 0.61929
TP2 @ 0.60484
TP3 @ 0.59538
BLO1 @ 0.59310⏳ (✨NEW✨- TANDEM ORDER - PAY ATTENTION)
NOTE: IF PA gets to TP2 before triggering any of the above SLO's, they we will ALL be null and void on any RT or PB unless new info presents itself. If this occurs, I'll present a new buy opportunity to work alongside the HTF long position currently running. See "NZDUSD: HTF CURVE ANALYSIS (9D) - UPTREND" post for further details. Happy trading all.
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIMEFRAME
ITF = INTERMEDIATE TIME FRAME
PB = PULLBACK
RT = RETRACEMENT
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
NZDUSD: HTF CURVE ANALYSIS (9D) - UPTREND✨ NZDUSD: HTF CURVE ANALYSIS (9D) ✨ (UPTREND)
BLO2 @ 0.55692 ⏳ (DON'T FORESEE THIS ONE GETTING TRIGGERED)
BLO1 @ 0.57812 - TRIGGERED
BLO1a @ ???? - (✨NEW✨) I'LL UPDATE IN A TANDEM POST FOR THE LTF/ITF! PAY ATTENTION
TP1 @ 0.61279 - TRIGGERED (POTENTIAL FOR THIS TO BE HIT AGAIN....PAY ATTENTION
TP1a @ 0.6310 (Secret TP)
TP2 @ 0.67027
TP3 @ 0.70657
TP3a @ 0.7133 (Secret TP)
SLO1 @ 0.71665 ⏳
SLO2 @ 0.73662 ⏳
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIME FRAME
ITF = INTERMEDIATE TIME FRAME
LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: THIS IS A LONG TERM TRADE.... ONCE IN FOR THE LONG....JUST STAY PUT!
Long-term time frames (1 week to 1 year):
— Shows the big picture, revealing major trends and economic factors.
— Less volatile, price movements are slower and smoother.
— Suitable for long-term trend trading and position trading.
— Requires less frequent monitoring but may offer fewer trading opportunities.
NZD/USD powering higher as business confidence, milk prices surg- NZD/USD hits highs not seen since early January
- Latest leg higher fueled by big improvement in New Zealand business confidence
- Kiwi likely to outperform as long as traders continue to see a soft US economic landing
About the only thing rising as fast as dairy prices is New Zealand business confidence right now, and both are beneficial for NZD/USD which has surged to seven-month highs. Who said Kiwis can’t fly?
Kiwi flying on dairy strength, soaring business confidence
As covered in a separate note last week, NZD/USD has been a major benefactor of recent US dollar weakness, not only enjoying tailwinds from narrowing interest rate differentials but also soaring dairy prices. You can now add bullish New Zealand business confidence to the growing list of Kiwi tailwinds.
The confidence measure in the ANZ Bank New Zealand Business Outlook survey surged to a decade-high in August, surging 23 points to +51. Expectations for own activity also bounced, hitting fresh seven-year highs.
The bounce in optimism followed the Reserve Bank of New Zealand’s (RBNZ) first interest rate cut of the cycle earlier in the month, with the bank signalling a further 100 basis points of easing by the middle of next year.
“Things are definitely looking up, albeit from a pretty dark place for many firms,” ANZ’s economics team wrote. “It wasn’t the Reserve Bank’s cut to the Official Cash Rate (OCR) that kicked off the lift – we saw an increase across much of the survey already in July, and the further large jump in August was already evident when the survey first opened at the very beginning of the month.
The table below from ANZ details just how impressive the improvement in the surveys internal components was during the month.
NZD/USD remains a buy-on-dips play
Having chopped back and forth through former resistance at .6218 earlier this week, the data has seen the Kiwi rocket higher in Asian trade on Thursday, hitting levels not seen since early January, breaking through another layer of resistance at .6277 in the process. The question now is whether it can hold there?
RSI (14) and MACD continue to provide bullish signals on the daily timeframe, although the former is now bordering on overbought territory. Even so, the inclination remains to buy dips rather than sell rallies in the near-term.
With nothing else on the New Zealand calendar this week, the biggest threat to the bullish trend arguably comes from incoming US labour market data which has been highly influential on Fed interest rate pricing over recent months, placing emphasis on initial jobless claims that will be released later in the session.
For a cyclical currency like the Kiwi, mild weakness screens as bullish. So too mild strength as both would allow the Fed to begin cutting rates without sparking fears of an impending recession. But if the data were to weaken dramatically, that would be problematic given the Kiwi comes across as a high beta play on the global economy.
If the US were to fall into recession, narrowing interest rate differentials would be more than overridden by fears of weaker demand, hammering risker cyclical plays as a consequence. However, such an outcome screens as unlikely on this occasion, potentially opening the door for the Kiwi to keep rising.
My preference would be to see how the data prints before entering positions. If the price pushes above .6277, you could buy with a stop below the level for protection. .63695 is one potential target. Alternatively, if it can’t hold .6277, you could sell with a stop above the level for protection targeting a pullback to either .6218 or .6150.
-- Written by David Scutt
Market Analysis: NZD/USD Regain StrengthMarket Analysis: NZD/USD Regain Strength
NZD/USD is showing positive signs and might attempt a fresh increase above 0.6275.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is correcting gains from the 0.6300 zone.
- There is a major bullish trend line forming with support at 0.6255 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.6140 zone. The New Zealand Dollar broke the 0.6200 resistance to start the recent increase against the US Dollar.
The pair settled above 0.6235 and the 50-hour simple moving average. It tested the 0.6300 zone and is currently correcting gains. The pair corrected lower below the 0.6275 level. The pair also traded below the 23.6% Fib retracement level of the upward wave from the 0.6194 swing low to the 0.6298 high.
The NZD/USD chart suggests that the RSI is now below 50. On the downside, there is major support forming near 0.6255 and a trend line.
The next major support is near the 61.8% Fib retracement level of the upward wave from the 0.6194 swing low to the 0.6298 high at 0.6235.
If there is a downside break below the 0.6235 support, the pair might slide toward the 0.6195 support. Any more losses could lead NZD/USD in a bearish zone to 0.6160.
On the upside, the pair might struggle near 0.6275. The next major resistance is near the 0.6300 level. A clear move above the 0.6300 level might even push the pair toward the 0.6340 level. Any more gains might clear the path for a move toward the 0.6400 resistance zone in the coming days.
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.
NZDUSD long movePrice had tested our support level and bounce back, and hence i expect the price to continue to rise to the next resistance. Although we cloud see little retracement to the internal broken resistance level before the price cloud finally move upside.
NZDUSD M30 I Bearish Reversal Based on the M30 chart analysis, we can see that the price is rising toward our sell entry at 0.6272, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6250, an overlap support level.
The stop loss will be at 0.6299, a swing high resistance level.
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NZD USD REJECTED SUPPORT
Certainly! Here’s the description in English:
Currently, the NZD/USD currency pair is showing a clear bullish trend on the 1-hour (1H) timeframe. The price has recently bounced off a key support area, indicating potential for continued upward movement. The bullish signals on this timeframe, evidenced by positive price action and supporting momentum, suggest that the uptrend is likely to persist.
With the bounce from the support area, there is an increased potential for testing and breaking through the next resistance level. If NZD/USD manages to surpass and maintain its position above this resistance, the bullish trend could extend further, providing opportunities for traders to capitalize on potential gains. Traders are advised to monitor technical indicators and price movements closely to confirm the continuation of the trend and make informed trading decisions.
FOREXCOM:NZDUSD
KIWIDOLLAR IS SHOWING A RETEST TO THE MAJOR SUPPORT. BUY-LIMIT?NZDUSD which is in a tough long-term bullish trend is showing a retest to the major support area, will the oders on the support level great enough momentum for the bulls or the pair will have to dip a little bit below the support area as shown on the chart to liquidate enough orders before pulling back upwards? Or is this a dead fate for the Kiwi?
NZD/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the NZD/USD with the target of 0.620 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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