NZD/USD "The Kiwi" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤
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 the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (0.63300) then make your move - Bullish profits await!"
however I advise placing Buy Stop Orders above the breakout MA or Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at the recent / nearest low level Using the 4H timeframe (0.56500) swing trade basis
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 0.64400 (or) Escape Before the Target
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 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
NZD/USD "The Kiwi" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
🔴Fundamental Analysis:
The NZD/USD pair is currently trading at 0.5677, with a 0.04% increase. The pair's upward movement is driven by weaker US PMI data, which has dragged the Greenback lower against the New Zealand Dollar. The Reserve Bank of New Zealand is expected to cut its 4.25% cash rate by 50bps at its upcoming meeting, which could impact the pair's movement.
🟣Macroeconomic Analysis:
The global economic trends are influencing the NZD/USD pair. The US inflation rate is at 2.90%, while New Zealand's inflation rate is at 2.20%. The interest rate difference between the two countries is also affecting the pair, with the US Fed Funds Interest Rate at 4.50% and the New Zealand Interest Rate at 4.25%.
🔵COT Report:
The latest COT report shows that speculative traders have increased their long positions in the NZD/USD pair, indicating a bullish sentiment.
🟠Sentimental Market Analysis:
The market sentiment for the NZD/USD pair is currently bullish, with 60% of investors expecting the price to increase in the next week. The social media sentiment is also bullish, with 55% of tweets and posts expressing a positive sentiment towards the pair.
🟢Aggregate Sentiment:
Bullish: 62%
Neutral: 26%
Bearish: 12%
🟡Positioning Analysis:
Institutional investors have increased their investment in the NZD/USD pair, indicating a growing interest in the pair. Retail investors are also optimistic about the pair, with 70% of investors expecting the price to increase in the next week.
⚫Overall Outlook:
Based on the analysis, the overall outlook for the NZD/USD pair is bullish, with a potential price increase of 5% in the next week. However, the market is subject to volatility, and investors should exercise caution when making investment decisions.
⚠️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
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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 🤑🐱👤🤗🤩
Nzdusdanalysis
Is NZDUSD Set to Explode Higher? Next Stop 0.635?NZDUSD has been in free fall since late September last year, barreling straight toward the 0.55 Monthly support—a level that’s triggered two explosive reversals before.
Could this be the third? I’m already in the trade, and here’s why I’m feeling confident.
Let’s rewind a bit. Two weeks ago, we saw a clean break of the weekly trendline. Now, this is where a lot of “textbook” traders made a rookie mistake—jumping in on the trendline break, expecting the crash to continue, only to get blindsided.
Pro tip: When you see a trend breakout, don’t chase it. Wait for the first pullback and then dive into the lower timeframes to spot divergence signals or slowing momentum. That’s how you catch the real move.
On the daily chart, this setup was screaming at me. After a brutal drop, the price action shifted from a downtrend into accumulation mode as we approached the 0.55 support.
The MACD confirmed my suspicions—it started to flatline, then flashed bullish divergence, with price moving down while the MACD crept higher.
Then came Monday’s candle, and it was chef’s kiss. The market gapped down at the open, creating a new low, but buyers swooped in and gobbled it up, pushing the price right back to where it started. That’s a textbook bullish signal.
Why does this matter?
When you see a gap down like this, after a long downtrend, inside an accumulation zone with divergence signals—BAM! It’s the market telling you the current cycle is done, and we’re shifting into a bullish phase.
Now, if you’re a cautious trader, you could wait for a break and close above 0.57 (the top of the accumulation zone).
But when you know how to read these clues, you can front-run these moves and ride the wave alongside the whales.
My targets:
First target: 0.585, the level of previous support that got taken out in December. We’ll likely see some resistance here.
Second target: 0.635, the top of the range that’s held for years.
I’m strapped in and ready for the ride. Let me know what you think below! 🚀
NZD/USD Analysis: Recovery from 27-Month LowNZD/USD Analysis: Recovery from 27-Month Low
This morning, New Zealand’s labour market data was released, showing unfavourable results. The unemployment rate rose to 5.1% in Q4, the highest since Q3 2020, signalling economic slowdown and reinforcing expectations of a rate cut by the Reserve Bank of New Zealand at its meeting in late February.
However, the weak labour market figures were widely anticipated and already priced in. A greater source of uncertainty is the ongoing trade war between the US and China, a key trading partner for both Australia and New Zealand.
Donald Trump stated that he is "in no rush" to speak with Xi Jinping after China retaliated against the 10% US tariffs on Chinese imports.
Technical analysis of the NZD/USD chart shows that:
→ The pair remains in a downward trend (marked in red), driven by a strengthening US dollar. The price is currently near the upper boundary of this trend.
→ The 0.555 level acted as support twice in 2025, as indicated by arrows. Notably, the price also reversed upwards from this area in 2022.
It is possible that buyers will gain confidence and attempt to break the upper boundary of the channel. The future trajectory of NZD/USD will largely depend on news related not only to central bank interest rate decisions but also to government actions on tariffs.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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.
NZD/USD Made H&S Pattern , Is It The Time To Change Direction ?The price made head and shoulders pattern which is will change the direction , also we have a very good confirmation and closure below neckline , so i think the price will go down next days , let`s see what will happen .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZD/USD "The Kiwi Dollar" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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 Dollar" Forex Market market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. 👀 Be wealthy and safe trade 💪🏆🎉
Entry 📈 :
"The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!"
Buy entry above 0.56500
Sell Entry below 0.55300
Stop Loss 🛑:
Thief SL placed at 0.55600 (swing Trade) for Bullish Trade
Thief SL placed at 0.56200 (swing Trade) for Bearish Trade
Using the 4H period, the recent / nearest low or high level.
SL is based on your risk of the trade, lot size and how many orders you have to take.
Target 🎯:
-Bullish Robbers TP 0.58750 (or) Escape Before the Target
-Bearish Robbers TP 0.54000 (or) Escape Before the Target
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
The NZD/USD "The Kiwi Dollar" Forex Market market is currently experiencing a Neutral trend (slightly Bearishness),., driven by several key factors.
🟢Fundamental Analysis:
The NZD/USD pair is currently experiencing modest recovery gains below mid-0.5600s, with upside seeming limited
The Reserve Bank of New Zealand's (RBNZ) prospect for more rate cuts could further weigh on the NZD
🔴Macro Economics:
New Zealand's GDP growth rate and inflation data will be crucial in determining the NZD/USD's direction.
The US economy's growth rate, inflation, and employment data will also impact the pair.
🔵COT Report:
Unfortunately, I couldn't find the latest COT report data for NZD/USD. However, I can suggest checking the official CFTC website or reliable financial websites for the latest reports.
🟡Market Sentiment:
The market sentiment for NZD/USD is currently bearish, with 60% of traders holding short positions.
Investors are cautious due to the prospect of more RBNZ rate cuts and global economic uncertainty.
🟣Institutional and Retail Banks Positioning:
Institutional investors are bearish on NZD/USD, citing the prospect of more RBNZ rate cuts and global economic uncertainty.
Retail traders are also bearish, with some expecting a price decline due to weak economic data and others expecting a price increase due to strong technical indicators.
⚪Overall Outlook:
The NZD/USD pair is expected to move bearish in the short term,
Bullish sentiment: 30%
Bearish sentiment: 70%
⚠️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
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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 🤗
Update : NZD/USD Closed +140 Pips 0 Drawdown , Did You Enter ?Here is our NZD/USD Setup Hit Final Target +140 Pips 0 Drawdown , And Now We Have A Big Gap and i`m waiting until tomorrow to see what will happen and i will update it if i have any new setups on it . Congratulations .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDUSD H4 | FOREX BEE
Hey Traders,
NZD/USD H4 Chart Analysis
The provided H4 chart for NZD/USD indicates an ascending triangle pattern, a bullish continuation pattern. However, there are two potential scenarios based on price action:
Bullish Scenario:
Key Levels to Watch:
Resistance:** 0.57341 (Fibonacci 0.5 level).
Immediate Support:** 0.56339 (Fibonacci 0.236 level).
Major Support:** Around 0.55800.
Trading Strategy:
Buy Setup: Wait for a confirmed Bull candlestick from near trendline
Sell Setup: If price breaks below the trendline and retests 0.56339 a short position towards 0.55800 is possible.
Overall, watch price action near the key levels before taking a trade.
NZD/USD Bears Box Borken Take the Lead After Trendline BreakThe New Zealand Dollar to US Dollar currency pair on the two-hour chart has broken below an ascending trendline, signaling a potential shift in momentum. The short position was taken after price action failed to sustain above the trendline, confirming bearish strength.
The entry was executed near 0.57076, following the breakdown, with the stop-loss placed above recent highs to manage risk effectively. The take-profit target is positioned at 0.55459, aligning with a previous demand zone that may act as support.
This setup reflects a trend reversal as buyers lose control and sellers gain momentum. As long as the price remains below the broken trendline, the short position remains valid, with a favorable risk-to-reward ratio supporting the trade's potential.
nzdusd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDUSD - Long active !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action after price filled the imbalance and rejected from bullish OB.
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Market Analysis: NZD/USD Bounces Back: Are Further Gains Ahead?Market Analysis: NZD/USD Bounces Back: Are Further Gains Ahead?
NZD/USD is also rising and might aim for more gains above 0.5685.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is consolidating gains from the 0.5650 zone.
- There is a major bullish trend line forming with support at 0.5685 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.5565 zone. The New Zealand Dollar broke the 0.5600 resistance to start the recent increase against the US Dollar.
The pair settled above 0.5650 and the 50-hour simple moving average. It tested the 0.5720 zone and is currently correcting gains. The pair corrected lower below the 0.5700 level. The NZD/USD chart suggests that the RSI is now approaching 40.
On the downside, immediate support is near the 23.6% Fib retracement level of the upward wave from the 0.5563 swing low to the 0.5723 high at 0.5685.
There is also a major bullish trend line forming with support at 0.5685. The first key support is near the 50% Fib retracement level of the upward wave from the 0.5563 swing low to the 0.5723 high at 0.5645.
The next major support is near the 0.5600 level. If there is a downside break below the 0.5600 support, the pair might slide toward the 0.5565 support. Any more losses could lead NZD/USD in a bearish zone to 0.5520.
On the upside, the pair might struggle near 0.5720. The next major resistance is near the 0.5735 level. A clear move above the 0.5735 level might even push the pair toward the 0.5780 level. Any more gains might clear the path for a move toward the 0.5850 resistance zone in the coming days.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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.
NzdUsd could rise to 0.58 (swing trade)The final quarter of 2024 was particularly challenging for the NZD, with the currency declining by 800 pips from its peak to its lowest point. More significantly, this drop represents a devaluation of over 12%, which is substantial for a major currency pair.
As 2025 begins, however, OANDA:NZDUSD has entered a consolidation phase, holding above the critical support zone near 0.5550. This level is noteworthy and deserves attention as a potential turning point.
While the overall trend remains bearish, a rebound from this key support area is likely. If this occurs, the pair could move higher toward the 0.58 resistance level.
In summary, dips near the support zone present buying opportunities with a favorable risk-to-reward ratio, targeting a return of at least 1:2.
NZDUSD - Expect retracement !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, but for now I expect price could make a retracement to fill the imbalance higher and then to reject from bearish OB.
Fundamental news: This week on Wednesday (GMT+2) we will see results of yearly and monthly CPI on USD, news with high impact on currency.
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Market Analysis: NZD/USD Under Fire, Deeper Losses Ahead?Market Analysis: NZD/USD Under Fire, Deeper Losses Ahead?
NZD/USD is also moving lower and might extend losses below 0.5540.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.5690 resistance zone.
- There is a short-term bearish trend line forming with resistance at 0.5580 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 followed a similar pattern and declined from the 0.5700 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5635 against the US Dollar.
The pair settled below the 0.5600 level and the 50-hour simple moving average. Finally, it tested the 0.5540 zone and is currently consolidating losses.
Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.5692 swing high to the 0.5542 low at 0.5580. There is also a short-term bearish trend line forming with resistance at 0.5580.
The next resistance is the 0.5620 level or the 50% Fib retracement level of the downward move from the 0.5692 swing high to the 0.5542 low. If there is a move above 0.5620, the pair could rise toward 0.5635.
Any more gains might open the doors for a move toward the 0.5690 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5540 level.
The next major support is near the 0.5500 zone. If there is a downside break below 0.5500, the pair could extend its decline toward the 0.5465 level. The next key support is near 0.5420.
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.
NZDUSD TRADE IDEA : SHORT | SELL (13/01/25)Very nice and easy setup. Nothing fancy with the opportunity of doubling the RR.
Following the order flow - no forcing whatsoever - I decided that the sell made most sense. Entry makes sense with the break of structure coming at the hands of a clear heavy imbalance.
RR1: 2.48
RR2: 4.21
NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD Scenario 2.1.2025This analysis is just a clarification of the previous analyses. We are creating an sfp below the low, which could indicate some potential space for a long setup, but I am keeping some space for now. If the sfp is confirmed, I will take a long first tp around the price. If we get above the weekly level, which is at 0.56550, it is around 0.57920.
NZDUSD - Short from bearish OB !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance and then to reject from bearish OB.
Like, comment and subscribe to be in touch with my content!
NZD/USD "The Kiwi" Forex Market Heist Plan on Bearish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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 short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a Bearish trade at any point.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 0.55300
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Based on the fundamental analysis 📰 🗞️ I would conclude that the NZD/USD (New Zealand Dollar/US Dollar) pair is: Bearish
Reasons:
Interest rate differential: The Reserve Bank of New Zealand's (RBNZ) interest rate (2.50%) is lower than the Federal Reserve's (Fed) interest rate (4.50%), making the NZD less attractive to investors.
Economic growth: New Zealand's GDP growth (1.5%) is slower than the US GDP growth (2.1%), which could lead to a stronger USD.
Trade balance: New Zealand's trade deficit (NZD 1.1 billion) is larger than the US trade deficit (USD 50 billion), which could put downward pressure on the NZD.
Commodity prices: New Zealand's economy is heavily reliant on commodity exports, and a decline in commodity prices could negatively impact the NZD.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth, particularly in China and the US, could negatively impact the USD and support the NZD.
RBNZ's monetary policy: The RBNZ's dovish stance and potential interest rate cuts could support the NZD.
US-China trade tensions: Escalating trade tensions between the US and China could lead to a decline in the USD and support the NZD.
Bearish Scenario:
Stronger US economic data, such as GDP growth and inflation, supports the USD
Decline in commodity prices, particularly dairy and meat, supports the USD
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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 🫂
nzdusd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZD/USD Stabilises Ahead of the HolidaysNZD/USD Stabilises Ahead of the Holidays
Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions.
Notably, NZD/USD reached its lowest level since October 2022 at the end of last week.
The decline in NZD/USD has been influenced by two main factors:
1. The dollar gained momentum following the Federal Reserve's decision to lower the interest rate by 0.25% and its forward guidance for 2025.
2. According to Reuters:
→ New Zealand's economy contracted much more sharply than expected in the second and third quarters.
→ Market participants anticipate that the Reserve Bank of New Zealand may lower interest rates by 0.5% in February.
Technical analysis of the NZD/USD 4-hour chart depicts a bearish outlook:
- The 0.58 level, which served as support in November, turned into resistance in December.
- The price is currently hovering near the lower boundary of a descending channel that has been in place since October.
- The RSI indicator signals that the market is approaching oversold conditions.
While bears may attempt to extend the downtrend by pushing the price below last week’s low, this could create a divergence pattern on the RSI indicator, offering hope for a potential bullish reversal.
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.