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NZD-USD

NZD: Near-term downside but recovery over the summerFundamental bias: Mildly bullish While domestic fundamentals continue to point to strength in the New Zealand dollar (i.e. the 1Q GDP released this week was strong, meaningfully surpassing the consensus expectations: 1.6% quarter-on-quarter vs the consensus at 0.5%), the external environment matters more. The hawkish Fed and the rebound in USD are clear near-term risks for NZD/USD and suggest caution for next week. Yet, with the earlier Fed tapering now expected and more than two months to Jackson Hole, we expect the fundamentally sound NZD to recover over the summer. Interestingly, despite the meaningfully larger long speculative positioning in NZD vs AUD (where speculative positioning is modestly short), NZD did not underperform AUD – underscoring the solid domestic NZ story. On the data front, it will be a quite week. 2Q consumer confidence (Monday) and May trade balance data (Thursday) should not affect NZD much next week. NZD/USD will be largely about the dollar and the upcoming communication from various FOMC members scheduled for next week.
by thunderpips
1
NZD/USD:PRICE DROP DOWN LIKE WE PREDICTED AND NEW SHORT SETUP🔔Like our Previous Analysis the price Drop down and we reach another Take profits . New Zealand GDP beat all forecasts: +1.6% q/q vs forecast of +0.5%. Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
5
NZDUSD facing bearish pressure | 15th June 2021NZDUSD is holding below the descending trendline resistance, and RSI is also approaching the upper resistance where it has reversed from before, indicating possible bearish pressure. We could see a reversal and further downside below Sell Entry, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension, and horizontal pullback resistance, towards Take Profit, in line with horizontal swing low support. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
ridethepig | NZD for the Yearly Close📌 @ridethepig G10 FX Market Commentary - NZD for the Yearly Close Here we are tracking the weak points in the structure which are strategically important points in every map. They are usually protected and once broken and be rewarding with non-stop moves. The handle to track here is 0.74xx which is well placed and comes to undertaking other duties of preventing the flow back towards 0.883x. Now the early strength of this can be seen with the latest breakup, it is a monthly closing in drastic fashion - a veteran soldier ready to march. A breakdown in Dollar for 2021 is a 'good deed' for the rest of the world but actually we will cover a whole chapter around how it is the only monetary option. After a Biden victory we can expect them to rush through a digital dollar and trigger defaults, things will develop quickly so time to start paying attention for the 2021 flows now. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
3
NZDUSD Sell OpportunityNZDUSD just hit a 4hr order block before the week ended, there is two possible outcome that i have seen from the charts and i will share. 1. The pair could possibly rise to retest the trendline it recently broke out from and also retest the downward trendline which it fails to break above from, this means price will hit the 2Hr order block before pushing further to the downside. (this is highlighted using the red arrows) 2. The other possibility is that price will continue the fall to the next 4Hr order block after which it will test the previous one it broke out from before continuing the fall. (this is highlighted using the black arrows) Be mindful of the news coming this week.
Short
by Zakaria-Zaria
NZDUSD - FOREX - 08. JUNE. 2021Welcome to our weekly trade setup ( NZDUSD )! - 1 HOUR Bearish turnover in smaller tfs. 4 HOUR Overall bearish market structure with a strong pullback. DAILY Good short entries and price action. - FOREX SETUP SELL NZDUSD ENTRY LEVEL @ 0.72280 SL @ 0.72790 TP @ 0.71440 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
6
NZDUSD will break the support? 🦐NZDUSD on the 4h chart is testing once again the support at the 0.71350 area The price, after yesterday's bearish move, can bounce over it and make a new test before the break. According to Plancton's strategy if the market will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
5
NZDUSD - FOREX - 24. MAY. 2021Welcome to our weekly trade setup ( NZDUSD )! - 1 HOUR Bullish break above main sr level. 4 HOUR Expecting more bullish presure shortly.. DAILY Turning market structure, good long entries! - FOREX SETUP BUY NZDUSD ENTRY LEVEL @ 0.72000 SL @ 0.71580 TP @ 0.72570 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
6
NZDUSD | SHORT-Values- Entry Range: 0.71930 - 0.72022 Average Entry: 0.71991 (RRR: 1.5) Stop Loss: 0.72145 Profit Target: .71756 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid. Example: Trade Idea: Valid and Invalid Entry:
Short
by Event0011