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NZDUSD

Falling towards overlap support?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.5989 1st Support: 0.5939 1st Resistance: 0.6080 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
NZDUSD to continue in the upward move?NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6075. We look to Buy at 0.6020 (stop at 0.5995) Our profit targets will be 0.6070 and 0.6075 Resistance: 0.6050 / 0.6070 / 0.6075 Support: 0.6025 / 0.6020 / 0.6000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Update idea Add note
Long
by OANDA
1
NZDUSD Massive Short! SELL! My dear friends, Please, find my technical outlook for NZDUSD below: The instrument tests an important psychological level 0.6040 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5991 Recommended Stop Loss - 0.6069 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
"Vault Breached! NZD/USD Bullish Loot (Live Heist)"🚨 "THE KIWI BANK HEIST" 🏦💰 NZD/USD Bullish Raid – Loot Fast Before the Cops Arrive! 🌟 Greetings, Money Bandits! 🌟 (Hola! Bonjour! Ciao! Konnichiwa!) 🔥 Thief Trading Intel: The Vault is Open! 🏦➡️📈 – Price is bullish, but overbought. Red Zone = Police Trap! 🚨 (Resistance/Reversal Risk) Escape Plan: Take profits near 0.62400 (or bail early if traps trigger). 🔐 ENTRY: "BREAK IN NOW!" "Buy the dip!" – Use 15M/30M swing lows for stealthy entries. Set Alerts! ⏰ (Don’t miss the heist!) 🛑 STOP-LOSS: "THIEF’S SAFETY NET" "Hide at 0.59500 (4H Swing Low)" – Adjust based on your loot size! 🎯 TARGET: "GRAB & VANISH!" "0.62400 or escape earlier!" – Don’t get greedy; cops (bears) are lurking. ⚡ SCALPERS’ NOTE: "Only steal LONG!" – Use trailing SL to protect your bag. "Rich? Charge in! Poor? Wait for swings!" 📡 FUNDAMENTAL BACKUP: "Kiwi is bullish… but check the news!" 📰 (COT, Macro Data, Sentiment) ⚠️ ALERT: Avoid trading during high-impact news – cops (volatility) love chaos! 💥 BOOST THIS HEIST! (Like & Share = More Loot!) 🚀 "Support the crew! Hit 👍, and let’s rob this market blind!" 💸🤝 Next heist coming soon… Stay tuned, bandits! 🏴‍☠️🎭
Long
by Thief_Trader
NZD/USD "The Kiwi" Forex Bank Money Heist (Bullish)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the NZD/USD "The Kiwi" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk Yellow MA Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise to Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at the Nearest / Swing low level Using the 1D timeframe (0.58400) Day trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 0.60800 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 💰💵💸NZD/USD "The Kiwi" Forex Money Heist Plan is currently experiencing a bullishness,., driven by several key factors. .☝☝☝ 📰🗞️Get & Read the Fundamental, Macro Economics, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets with overall score... go ahead to check👉👉👉🔗🔗🌎🌏🗺 ⚠️Trading Alert : News Releases and Position Management 📰🗞️🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
NZD/USD – Bearish Reversal Expected Below 0.5990–0.5977 ResistanThe NZD/USD pair is approaching a key resistance zone at 0.5990–0.5977, which has been tested multiple times and aligns with the upper boundary of a potential corrective structure. 🔹 Elliott Wave Context: The price action appears to be completing a corrective wave (C) structure, indicating that upside momentum may be limited. This scenario suggests a potential bearish reversal from the resistance zone. 🔹 Targets & Levels: Resistance: 0.5990–0.5977 First support target: 0.5885 Next major support: 0.5846 📌 Trading Plan: Watching for bearish confirmation (rejection candlesticks or reversal pattern) below 0.5990–0.5977 Potential short entries targeting the support levels A break above 0.5990 would invalidate the bearish setup and suggest continuation to the upside This chart offers a clear bearish bias while price remains below the resistance zone, supported by Elliott Wave context and previous price action behavior.
Short
by Mohammad_Mirdehghan
Bearish drop for Kiwi?The price is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.6051 Why we like it: There is a pullback resistance level. Stop loss: 0.6078 Why we like it: There is a pullback resistance level. Take profit: 0.6007 Why we lik eit: There is an overlap support level that aligns with the 78.6% Fibonacci retracement. 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
NZD/USD BEST PLACE TO SELL FROM|SHORT Hello, Friends! NZD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.587 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NZD/USD pair. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
NZDUSD to find buyers around trend line support?NZDUSD - 24h expiry Price action looks to be forming a bottom. The primary trend remains bullish. This is positive for sentiment and the uptrend has potential to return. We look for a temporary move lower. Further upside is expected although we prefer to buy into dips close to the 0.5975 level. We look to Buy at 0.5975 (stop at 0.5940) Our profit targets will be 0.6074 and 0.6220 Resistance: 0.6006 / 0.6080 / 0.6220 Support: 0.5955 / 0.5850 / 0.5775 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Potential bearish drop?NZD/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.6011 Why we like it: There is a pullback resistance level. Stop loss: 0.6051 Why we like it: There is a pullback resistance level. Take profit: 0.5950 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
Waiting for a Short-Term Pullback Before the Next Bullish Leg? NZDUSD – Waiting for a Short-Term Pullback Before the Next Bullish Leg? As global markets await the upcoming U.S. Non-Farm Payrolls (NFP) report later this week, NZDUSD is showing early signs of short-term weakness following a strong bullish rally from the 0.5905 low. While the broader structure remains bullish, a corrective move may be necessary to shake out weak hands and reload liquidity before a renewed surge. 🌐 Macro & Fundamental Outlook: New Zealand: Recent economic releases from New Zealand have been lackluster, yet the RBNZ's hawkish policy stance (high interest rates) continues to support the Kiwi. However, pressure from China – New Zealand’s top trading partner – remains a drag. United States: The U.S. Dollar remains under pressure due to rising expectations that the Fed will start cutting rates by Q3 2025, despite some hawkish tones from FOMC officials. This week’s NFP report will be a decisive factor. Market Sentiment: After a ~150-pip rally, traders are beginning to take profits. The correction could offer a golden re-entry opportunity. 📊 Technical Analysis: Trend Bias: The market structure is still in an uptrend, maintaining Higher Highs and Higher Lows. Fibonacci Retracement: Price is currently pulling back toward the 0.5 – 0.618 Fibo zone (0.5992 – 0.5978), aligning with the H1 89 & 200 EMAs. EMA Structure (13 – 34 – 89 – 200): Still bullish but currently signaling a short-term pullback. 🔑 Key Price Zones: Resistance Levels: 0.6014 – 0.6052 Support Levels: 0.5973 – 0.5951 – 0.5932 🧭 Trade Plan 📌 Buy Setup (trend continuation): BUY ZONE: 0.5951 – 0.5932 SL: 0.5900 TP: 0.5978 → 0.6014 → 0.6052 📌 Expecting a bullish bounce off the 61.8% Fibo + EMA 200 confluence ahead of NFP. 📌 Sell Setup (short-term countertrend scalp): SELL ZONE: 0.6014 – 0.6025 SL: 0.6060 TP: 0.5978 → 0.5951 📌 Anticipating a reaction at a key resistance zone – ideal for intraday scalpers. ⚠️ Risk Management Notes: Stay cautious ahead of high-impact U.S. data (ADP, Jobless Claims, NFP). Favor buying the dip in line with the higher-timeframe trend. Maintain discipline with tight SLs (30–35 pips max per setup).
Short
by MMFlowTrading
Kiwi H4 | Pullback support at 50% Fibonacci retracementThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.5987 which is a pullback support that aligns with the 50.0% Fibonacci retracement. Stop loss is at 0.5915 which is a level that lies underneath a multi-swing-low support. Take profit is at 0.6060 which is a resistance that aligns with the 127.2% Fibonacci extension. 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
NZDUSD: Bearish Continuation & Short Trade NZDUSD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short NZDUSD Entry Point - 0.6018 Stop Loss - 0.6051 Take Profit - 0.5952 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
NZDUSD BUYSNZDUSD is expected to buy to complete the crab pattern around 0.61200 psychological level BOUNCING FROM A 1HR FVG(Fair value Gap). we saw an expected rate cut of NZD interest rate at 25 basis point(0.25%) was was a dovish stand by the central bank. with investment sentiment still high on risk-on assets, I expect nzd to bully the green-back which is struggling with low interest rate figures as a result of declining inflation figures nearing its 2024 inflation target of 2% and global trade wars.
Long
by Boahfx
1
Bullish bounce?NZD/USD is has bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.5931 Why we like it: There is a pullback support level. Stop loss: 0.5898 Why we like it: There is a pullback support level. Take profit: 0.6017 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets
NZDUSD: weekly overviewTraders, this is weekly view of the pair. Our long-term TP is the 0.6300 but for now we have a strong trendline on our way! the only tradable zone for this week is 0.58497. In case of bullish trades, from 0.60264 level. Please consider the trend line as mid-way TPS. ******************************************************************* The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
Long
by AliSignals
NZDUSD Trading Opportunity! BUY! My dear friends, NZDUSD looks like it will make a good move, and here are the details: The market is trading on 0.5954 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.5969 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 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Bearish reversal off pullback resistance?The Kiwi (NZD/USD) is rising towards the pivot, which has been identified as a pullback resistance and could reverse to the 1st support, which is also a pullback support. Pivot: 0.6024 1st Support: 0.5846 1st Resistance: 0.6131 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
New Zealand central bank sees less growth, FOMC says it will remThe New Zealand dollar declined as much as 0.67% earlier but has recovered. In the European session, NZDS/USD is trading at 0.5969, up 0.04% on the day. A day after the Reserve Bank of New Zealand lowered interest rates, Governor Christian Hawkesby testified before a parliamentary committee on Thursday. Hawkesby said the central bank could hold rates in July and that rate decisions would be data-dependent. The Governor said he expected slower global growth would dampen New Zealand's recovery and there was uncertainty around the impact of the US tariffs. The RBNZ has been aggressive, chopping 225 basis points in the current easing cycle, which has brought the cash rate down to 3.25%, its lowest level in almost three years. At yesterday's meeting, the RBNZ said that the cash rate was currently in a neutral zone, where it neither stimulates nor curbs economic growth. FOMC minutes: Increasing uncertainly could mean "difficult tradeoffs" In the FOMC minutes of the May 7 meeting, members expressed concern about the government's fiscal and trade policy. Members said that "uncertainty about the economic outlook had increased further", making it appropriate to remain cautious until these policies became clearer. Members warned that if inflation remained high and growth and employment weakened, the Fed might have to make "difficult tradeoffs". There was another twist to the Trump tariffs saga as the US Court of International Trade declared the tariffs illegal. The Court ruled that Trump had exceeded his authority by imposing wide-sweeping tariffs against US trading partners. The decision puts a hold on the tariffs, but that may not last long as the US Justice Department has filed an appeal.
by OANDA
2
Recovery or Just a Bull Trap? All Eyes on PCE This WeekNZDUSD – Recovery or Just a Bull Trap? All Eyes on PCE This Week 🌐 MACRO & FUNDAMENTAL OVERVIEW After the FOMC’s decision to keep interest rates unchanged, the US Dollar has shown signs of recovery driven by expectations that core inflation remains persistent — especially ahead of the upcoming US Core PCE Price Index release this Friday. On the New Zealand side, the Kiwi remains under pressure due to recent weak economic data and negative sentiment from China — its largest trading partner. The RBNZ continues to maintain a neutral stance, offering little support for the currency in the near term. Market sentiment remains cautious as investors await the PCE data to determine inflation trends and potential Fed policy shifts. 📉 TECHNICAL ANALYSIS (H1–H2 TIMEFRAME) NZDUSD is forming a technical rebound after a strong bearish leg from the 0.60300 region. Current price is trading around the 38.2%–50% Fibonacci retracement zone (0.5964–0.5976), struggling to break above EMA89 and EMA200 resistance. Overall structure: Bearish bias remains intact with lower highs. EMA alignment: EMA13, EMA34, and EMA89 are in bearish formation. Key support zone: 0.5926–0.5940, trendline confluence + consolidation base. 🔑 KEY LEVELS TO WATCH Resistance: 0.5976 – Fibonacci 0.5 retracement + previous rejection zone 0.5990 – Structural resistance of the week 0.6007 – 78.6% Fib + liquidity sweep potential Support: 0.5940 – Trendline retest + short-term structure 0.5926 – Key demand zone with previous fake breakout 🎯 TRADE IDEAS SELL SETUP – Fade the pullback into resistance: Entry: 0.5976 – 0.5990 Stop Loss: 0.6010 Take Profit: 0.5940 → 0.5926 BUY SCALP – On strong bullish rejection from support: Entry: 0.5926 – 0.5930 Stop Loss: 0.5900 Take Profit: 0.5960 → 0.5976 Note: Confirm with bullish candlestick and volume spike before entry. ⚠️ STRATEGY OUTLOOK NZDUSD remains in a corrective phase. This week’s PCE inflation data will be critical. A hotter-than-expected reading could strengthen the USD and push NZDUSD below 0.5926, resuming the medium-term downtrend. Avoid chasing mid-range price action. Focus on price reactions near the key resistance and support levels.
Long
by MMFlowTrading