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NZDUSD

Market Analysis: NZD/USD Attempts RecoveryMarket Analysis: NZD/USD Attempts Recovery NZD/USD also tumbled and is now attempting a recovery from 0.5850. Important Takeaways for NZD USD Analysis Today - NZD/USD is attempting a recovery wave from the 0.5850 zone. - There was a break above a key bearish trend line with resistance at 0.5880 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also declined heavily from well above the 0.6000 zone. The New Zealand Dollar even declined below 0.5915 against the US Dollar. The pair tested the 0.5850 zone and recently started a recovery wave. There was a break above a key bearish trend line with resistance at 0.5880. The bulls pushed the pair above the 50% Fib retracement level of the downward move from the 0.5949 swing high to the 0.5857 low. It settled above 0.5880 and the 50-hour simple moving average. The NZD/USD chart suggests that the RSI is still above 50 and signaling more upsides. On the upside, the pair might struggle near the 61.8% Fib retracement level of the downward move from the 0.5949 swing high to the 0.5857 low at 0.5915. The next major resistance is near the 0.5950 level. A clear move above the 0.5950 level might even push the pair toward the 0.5970 level. Any more gains might clear the path for a move toward the 0.6000 resistance zone in the coming days. On the downside, there is major support forming near the same trend line at 0.5880. The next major support is near 0.5855, below which the pair might test 0.5820. If there is a downside break below the 0.5820 support, the pair might slide toward the 0.5765 support. Any more losses could lead NZD/USD in a bearish zone to 0.5740. 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.
by FXOpen
2
MarketBreakdown | USDCAD, NZDUSD, CRUDE OIL, DXY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently testing a significant daily structure resistance. The intraday price action looks bearish at the moment. I think that the pair may start a correctional movement from the underlined blue area. 2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸 The market is approaching a significant weekly resistance cluster that is based on 2 important historic highs. I think that we may see a correctional movement/pullback soon. 3️⃣ #WTI CRUDE OIL daily time frame 🛢️ Crude Oil updated a low on a daily, violating a key horizontal support. It confirms the strength of the sellers. The market may keep trading in a bearish trend within the boundaries of the underlined channel. 4️⃣ DOLLAR INDEX #DXY daily time frame 💵 We see a nice correctional movement after a strong bearish impulse. The market is currently trading within a bearish flag pattern. Bearish breakout of the support of the flag will be a strong bearish trend-following signal. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
NZDUSD: Curve Analysis (2D)Technical Analysis: Mixed Indicators and Possible Trading Prospects The NZDUSD currency pair is currently experiencing a battle between bullish and bearish forces, resulting in a complex technical situation for traders. Challenging Resistance: Both the NZDUSD and AUDUSD are encountering obstacles at their respective 100-hour moving averages, impeding any potential upward momentum. The NZDUSD made an effort to surpass the crucial level at 0.58967, but encountered selling pressure, resulting in a decline in price. Conflicting Signals from Technical Indicators: A number of technical oscillators, such as RSI, Stochastic %K, and Williams %R, suggest that the NZDUSD is currently in an oversold condition. Based on the current data, it appears that the currency pair could experience a correction or a possible rebound in the near future. Downward Trend in Moving Averages: Conversely, the majority of moving averages are currently showing a downward trend , with shorter-term averages positioned below longer-term ones. There seems to be a downward trend that may persist unless there is a significant bullish reversal. Is there a bullish divergence? It is worth noting that the Hull Moving Average is suggesting a potential bullish divergence or reversal. There may be a potential shift in momentum if the price action begins to deviate from the downward trend of the moving averages. In general, the future prospects for NZDUSD appear to be uncertain with a downtrend bias. Indicators pointing towards oversold conditions indicate that there may be some attractive buying opportunities. However, it is important to exercise caution due to the prevailing bearish trend and the resistance observed at the 100-hour moving average. It would be wise to avoid overly optimistic bets in this situation.
Short
by ProfessorCEWard
NZDUSD Is Very Bullish! Buy! Please, check our technical outlook for NZDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.588. The above observations make me that the market will inevitably achieve 0.592 level. 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!
Long
by SignalProvider
1
NZD/USD Drops as Odds of RBNZ Rate Cut Increase, What's Next?"Since the 18th of July, NZDUSD has dropped for 6 consecutive days. This is due to the increased expectations of a rate cut by RBNZ in the upcoming meeting (14th of August). What should we expect as the NZDUSD is approaching the 0.58600 support zone? 1. Current Situation Fundamental Analysis: - Expectations of interest rate cuts in August by RBNZ are rising (near future expectation of weakening NZD). - FOMC is expected to hold interest rates in August, but there is an expectation of 3 cuts soon (near future expectation of a stable USD). Technical Analysis: - NZDUSD is approaching the 0.58600 support zone, there might be a rebound as buyers enter the market and pause the drops. 2. Key Levels to be Aware Of Support Zone: - 0.57700 to 0.58000. If the price can hold above these figures, NZDUSD might have a chance to rebound. If the price breaks below the 0.57700 support zone, there will be a high chance that NZDUSD will continue a downtrend until it hits the next support at 0.55200. Short-term Resistance: - If the price rebounds, the nearest (short-term) resistance will be at 0.60500, followed by a stronger resistance at 0.62000. 3. Things to be Aware Of RBNZ & FOMC Policy Announcements: Any forthcoming statements or decisions from the RBNZ or FOMC will be crucial. For RBNZ, a confirmed rate cut or dovish tone could push the pair lower, while a more neutral tone could support a recovery."
by ThinkMarkets
NZDUSD H1 I Bullish BounceBased on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 0.5918, which is a swing-low support. Our take profit will be at 0.5937, which is a pullback resistance level close to 61.8% Fibo retracement. The stop loss will be placed at 0.5905, which is a multi-swing low support level. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Long
by FXCM
NZDUSD Technical Analysis! BUY! My dear followers, I analysed this chart on NZDUSD and concluded the following: The market is trading on 0.5963 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6026 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1