Hey Traders, in tomorrow's trading session we are monitoring NZDUSD for a buying opportunity around 0.61800. NZDUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching at 0.618 support and resistance zone. Concerning the Dollar the recent US data signals a cut of rate hike from the Federal reserve so we will keep in the...
Hey Traders, NZDUSD is trading in an ascending channel and now seems to be in a correction phase in which it is approaching the channel support around 0.62400 zone. if Bulls are confirmed i would consider the channel resistance as a target. we would also be keeping American indices in the watchlist as they do correlate positively with the NZDUSD pair. Trade safe, Joe.
The NZDUSD spiked up yesterday as the RBNZ surprised markets with a 50bps rate hike (the forecast was for 25bps). With the interest rates now at 5.25%, it is just 25bps shy of the peak rates of 5.50% previously indicated by the RBNZ. Following the spike up, the NZDUSD retraced the move to trade below 0.63 again (due to the overnight recovery of strength on the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for NZDUSD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
The NZDUSD has been trading within a channel since mid-March and has now reached the upper edge of the channel. It has shown signs of reversal towards the downside. I expect the price to respond and fall to around 0.623, where it will meet the 100-period moving average on the 4-hour timeframe and an ascending monthly...
Hi viewers, NZDUSD UPDATE first analysis attached, here in new anaysis for new week still only bullish expectations TP1:0.63150 (70) TP2:0.63500 (105)
Hey Traders, in the coming week we are monitoring NZDUD for a buying opportunity around 0.622 zone, NZDUSD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.622 support and resistance zone. i would also recommend to be watching indices as well to confirm the trade as american indices do correlate positively with the...
Fundamental Backdrop 1. China's Purchasing Managers' Index (PMI) beat expectations, indicating that the economy is improving faster than expected 2. This can help further strengthen the NZDUSD because China is New Zealand's second-largest trading partner Technical Confluences 1. Price at the 0.62800 support level 2. Next major resistance at 0.63650 Idea...
Fundamental Backdrop 1. NZD Building Consents m/m, a leading gauge of future construction activity dropped from -5.2% to -9% 2. This can lead to lesser jobs and reduced construction services 3. NZD ANZ Business Confidence, a leading indicator of economic health dropped from -43.3 to -43.4 4. This could be an early signal of reduced future economic activity such...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.62 zone, NZDUSD is trading in an ascending and pullbacks seems to be extending and approaching the major trend around 0.62 support and resistance zone. if the rejection is confirmed with current USD weak environment i would set 0.63 as a target as it's considered the...
Hey Traders, in today's trading session we are monitoring NZUSD for a buying opportunity around 0.618 zone, NZDUSD is trading in an ascending channel in which it's approaching the channel support zone, once the rejection is confirmed i would consider the channel resistance as a target. fundamentally the last Fomc showed some dovish sentiments from fed which should...
Hey Traders, Here is a quick sell setup on NZDUSD - currently on a bearish flag and might be seen tipping down to retests the December intraday support area. Keep a close watch.
NZDUSD - 19h expiry - We look to Buy at 0.6205 (stop at 0.6165) Price action is located in bullish channel. Previous resistance located at 0.6300. Price action looks to be forming a bottom. A move through 0.6300 will confirm the bullish momentum. The trend of higher lows is located at 0.6190. Our profit targets will be 0.6305 and 0.6325 Resistance: 0.6300...
NZDUSD after our previous analysis reached the 0.61 support area. The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows. The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open. How can i approach this scenario? I will wait for a potential test of the...
The NZDUSD pair has completed a head and shoulders pattern on the daily timeframe, with two bullish engulfing candlestick patterns appearing in the last shoulder, indicating strong momentum pushing the price higher. On the 4-hour timeframe, we can see that the price has broken out of the downtrend and failed to make any lower lows, supporting our view that the...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61800 zone, NZDUSD is trading in an uptrend and extending pullbacks seem to be approaching the major trend around 0.61800 support and resistance zone. Fundamentally we are coming across a big event today. Market is expecting fed to pivot which should be bearish for...
As the DXY weakened, this saw the NZDUSD trade steadily higher, bouncing from the 0.6150 price level up toward the 0.6280 resistance level. The 0.6280 resistance level is crucial as it aligns with the 61.80% Fibonacci retracement level from the previous swing down. It is likely that the price could consolidate along this resistance level briefly, with a slight...
Hey Traders, As DXY shows some strength i would love to consider Potential USD longs against commodity currencies like NZD, and as the stock market shows some downsides NZDUSD should be a perfect catch for the positive correlation between the two. Technically we have noticed that NZDUSD is approaching 0.627 supply and demand zone so i will be watching a potential...