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NZD (New Zealand Dollar)

RBNZ implements jumbo cut; Kiwi dollar plummeted Following the Fed's lead, the RBNZ also took a big step. The RBNZ took the jumbo step of cutting its benchmark interest rate by 50bps, bringing it down from 5.25% to 4.75%. RBNZ stated that New Zealand's economy is now in excess capacity, and low import prices fuel deflation. They insisted that the committee unanimously confirmed that domestic economic activity is decelerating, as business investment and consumer spending are weakening, and employment conditions are persistently deteriorating. As hopes for the Fed’s additional rate cut diminish, the US dollar is on the rise, while the Kiwi dollar has dropped briefly to 0.6050, matching its lowest since 18th August. NZDUSD advanced to 0.6095 after breaching the ascending channel’s upper bound. If NZDUSD breaches the resistance at 0.6110, the price could gain upward momentum toward 0.6175. Conversely, if NZDUSD fails to hold above the channel’s upper bound and breaks below the support at 0.6050, the price could fall further to 0.5960.
by inkicho_exness
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Take profit: 0.6053 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
1
Overlap resistance ahead?NZD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84210 Why we like it: There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement. Stop loss: 0.84707 Why we like it: There is a pullback resistance level. Take profit: 0.83229 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
The Kiwi has a strong bearish momentum, could it fall further?The price is rising towards the pivot which acts as a pullback resistance and could fall to the the 1st support level which is a pullback support. Pivot: 0.6127 1st Support: 0.6051 1st Resistance: 0.6174 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.
Short
by ICmarkets
3
NZDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for NZDCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.835. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.828 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZD/CAD H4 | Pullback resistance at 23.6% Fibonacci retracementNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8374 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 0.8420 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit is at 0.8295 which is a swing-low support. 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.
Short
by FXCM
1
Bullish momentum to extend?AUD/NZD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.10464 1st Support: 1.09890 1st Resistance: 1.11379 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
2
Bearish drop?NZD/CHF is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 0.52213 1st Support: 0.51741 1st Resistance: 0.52620 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.
Short
by ICmarkets
1
NZDUSD: Broke under both MAs. Strong sell signalNZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term reboudn back to the 1D MA50 but on the long term we are bearish (TP = 0.58600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
NZDJPY breaks 200-day SMA; downward movement imminent?The New Zealand dollar to Japanese yen currency pair (NZD/JPY) saw an uptrend on the daily chart from March 2020 to July 2024, gaining 66.58% over the four-year period. Recently, however, the pair broke below the 200-day Simple Moving Average (SMA) on the daily chart, signaling a potential trend reversal. The 200-day SMA, which had served as support for four years, now appears to be acting as resistance. Additionally, the NZD/JPY formed a double top, indicating that buyers were once more unable to push the price above the 92.00 mark. This double top region coincides with the 50% level of the bearish Fibonacci. Upward trend in NZDJPY driven by RBNZ-BOJ interest rate differential The strong upward trend had been driven by the interest rate differential between the New Zealand dollar and the Japanese yen. New Zealand, like many countries around the world, slashed interest rates during the COVID-19 pandemic to stimulate its economy. However, as the economy began to recover, the Reserve Bank of New Zealand (RBNZ) moved to raise rates to control inflation and avoid rampant price increases. With inflation now under control, the RBNZ has started cutting rates, with yesterday marking the third consecutive cut, as the central bank reduced New Zealand’s key interest rate from 5.25% to 4.75%. Japan, on the other hand, followed the opposite path, keeping its interest rate below 0 while other countries raised borrowing costs to control inflation — which is why the JPY has depreciated so much in recent years. However, in its most recent meetings, the Bank of Japan (BOJ) — Japan’s central bank — changed its stance and raised interest rates for the first time since 2016. With New Zealand’s interest rate declining and Japan’s interest rate increasing, there is potential for a medium-term devaluation of the NZD against the JPY. Downward movement in NZDJPY possible in coming months From a technical perspective, the following factors are at play: 1. Break of the uptrend on D1. 2. The 200-day SMA, which previously acted as support, is now serving as resistance. 3. A double top has formed on the daily chart. 4. The 50% Fibonacci region is bearish. Considering these technical factors and the diverging monetary policies of the central banks in Japan and New Zealand, a downward movement in NZD/JPY is possible in the coming months. If the price manages to break below 89.75, it is possible that it will fall to the 86.70 region in a few days. Disclaimer: 74% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
#NZDJPY 4H#NZDJPY 4H Forecast Buy with a Channel Pattern On the 4-hour chart for #NZDJPY, the price is trading within a well-established ascending or horizontal channel, presenting an opportunity for a potential buy. However, traders must remain cautious of a possible support breakdown, which would signal a sell opportunity. Key Insights: 1. Channel Pattern: The price is currently moving within a defined channel, with clear support and resistance levels. This indicates a period of consolidation or controlled upward movement, making it ideal for range-bound or trend traders. 2. Buy Scenario (Current Channel Movement): - As long as the price remains within the channel and stays above support, there is potential for a buy. - Traders can enter buy positions near the lower support zone and ride the price toward the upper resistance of the channel. - Confirmation can come from bullish momentum near the support line or a bounce from it. 3. Sell Scenario (Support Breakdown): - If the price **breaks below the support** level of the channel, it signals a potential shift in market sentiment from bullish to bearish. - In this case, it would be advisable to enter sell positions once the breakdown is confirmed by volume and momentum indicators. 4. Volume Confirmation: Look for volume spikes as the price approaches support or resistance. High volume during a breakdown would confirm a stronger bearish move, while strong buying volume near support confirms a buy opportunity. 5. Stop-Loss Considerations: - For a buy position, place a stop-loss slightly below the support line to protect against any false breakouts. - For a sell position (if the support breaks), place a stop-loss just above the broken support level, now acting as resistance. Trading Strategy: - Entry: - Enter a buy position when the price bounces off support within the channel. - Enter a sell position if the price breaks down below the support level. - Take Profit: For a buy, aim for the upper resistance level of the channel. For a sell, target key support zones below the breakdown. - Stop Loss: - For a buy, set a stop-loss below the support level. - For a sell, set a stop-loss above the support-turned-resistance line to limit risk. This analysis suggests that #NZDJPY is a buy within the current channel on the 4-hour timeframe, as long as support holds. However, a **breakdown of support** would flip the outlook to a bearish sell strategy.
Long
by PIPSFIGHTER
NZD/CAD "Kiwi-Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist NZD/CAD "Kiwi-Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 30 min timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
Breaking: NZD Slips as RBNZ Cuts Rates by 50 bpsAt its October meeting, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points, lowering it from 5.25% to 4.75%, in line with expectations. The NZD/USD pair deepens its decline, falling below the crucial 100 AND 200-day Exponential Moving Average (EMA). A clear break could set the stage for a move toward the psychological 0.6000 level. Looking ahead, traders will focus on the Federal Open Market Committee (FOMC) Minutes, set for release later on Wednesday.
by BlackBull_Markets
GBPNZD Under Pressure! SELL! My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1411 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.1301 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Why I’m Betting Bearish on GBPNZD: Key Market Drivers ExplainedAs I prepare to share my trade idea for GBPNZD, my overall bias is bearish. Here are some key fundamentals currently influencing this outlook: 1. UK Economic Slowdown: The UK is facing economic challenges, with high inflation and downgraded growth forecasts. This situation tends to weaken the British Pound against other currencies, including the New Zealand Dollar. 2. RBNZ's Hawkish Stance: The Reserve Bank of New Zealand (RBNZ) is likely to maintain a strong monetary policy, focusing on controlling inflation. This contrasts sharply with the UK's more cautious approach, which supports a stronger NZD. 3. Seasonal Trends: Historically, GBPNZD has shown a bearish trend from mid-August through December. This seasonal behavior suggests that now is an opportune time to consider short positions. In my trading strategy for GBPNZD, I rely on probabilities to guide my decisions for entering short positions. In summary, by leveraging probabilities based on historical data and current market fundamentals, I aim to position myself advantageously for short trades on GBPNZD. This disciplined approach aligns with my bearish outlook and enhances my trading effectiveness. I look forward to sharing my journey in this trade and welcome any thoughts or feedback! 2W: Hourly TF:
Short
by Jasminex1x2
Potential bullish rise?NZD/CAD is reacting off the pivot which has ben identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 0.83331 1st Support: 0.82507 1st Resistance: 0.84292 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