NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- Currently NZDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES were also sold down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD.
- Thus COMMODITIES are going down. It also affects the NZD very strongly. The weak currency of CURRENCY STRENGTH was the New Zealand dollar last week. RBNZ made a RATE HIKE today. Everyone knew for a long time that the RBNZ would do a RATE HIKE. Therefore, NZD did not get much attraction at that time.
- Anyway, NZDUSD can move further until it reaches 0.5999 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE above the NZDUSD and BUY until it reaches the 0.6500 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
Nzdusdbreakout
NZDUSDWe must observe the price movement in the lower time frame and search for the buy option as the NZDUSD price broke the structure and is currently retesting.
It's a good idea to swap. Just remember to control your risk, as prices might swing in the opposite direction. WAIT for turn into bullish environment iin 4hour
NZD/USD SHORT SELL OPPUTUNITY now......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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NZD/USD 4HR BUY SET UPHi TRADERS this is my trade set up for the NZD/USD for the new week ahead
NZD/USD I am expecting a break out of the daily candle line marked on chart, and will probably get a retest of area then push up, I am expecting a strong 4hr resistance marked on chart, once broken through should reach TP
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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NzdUsd- First up, then down to 0.65After a recent low of around 0.6550, NzdUsd has started to recover and now is trading 100 pips above this newly formed support.
The trend for this pair si down and at this point, we can be in the middle of an ABC type correction.
Above 0.67 is strong resistance and traders can look to sell in that zone for a good R:R trade