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Nzdusdbuy

RBNZ rate decision setup for NZDUSDNext week marks a rate decision event for RBNZ. Currently at 0.25%, there is news in the air for an increase in the rate by 25bp, and possibly another hike before the end of this year. Currently NZDUSD has been flowing more or less in the indicated upward channel. It has fallen due to a strong USD this week and a reversal is in the making. Two highlight points on the chart indicate 1. a slight drop in US retail sales and 2. the RBNZ rate announcement. Provided these events fall in support of the Kiwi, it is expected to bounce up and test the 0.7100 range and possibly further. Point to note: currently the 4h signal shows the reverse from this week's downtrend has already started - however its a Friday!!! I feel like jumping on to the long already but may be worth waiting till NY open or London close to understand the levels better. There's a chance we lose pips on the entry but its a safer play. A well-placed stop may benefit the early birds. See ref. think.ing.com.
Long
by sidnir
NZD/USD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Wasn`t quick enough to post in time but maybe you can use it for anotehr entry or with the pullback! Notice: This is a beta-version of my new system! Please trade it only if you agree and with a decent risk! ALL TRADES risky ahead FOMC! NZD/USD: Daytrade-Preparation Market-Buy: 0.69615 Stop-Loss: 0.69500 Point of Risk-Reduction: 0.69780 Take-Profit: 0.70050 Stop-Loss: 11 pips Risk: 0,5% -1% Risk-Reward: 4,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
2
New Zealand’s pandemic-free economy ☑️New Zealand’s central bank on announced a halt to its pandemic-induced quantitative easing program , sending the Kiwi dollar soaring as markets bet that a rate hike was now imminent this year. In other words, they dare to do what everyone else (including the Federal Reserve) is talking but not daring.. New Zealand’s pandemic-free economy has been growing on the back of a housing boom and strong retail spending, raising concerns that it may get overheated pushing inflation above the bank’s target and squeeze the labour market. First quarter GDP swept past forecasts, rising 1.6%. A survey last week showed the business outlook was now better than pre-COVID levels, and hiring constraints and inflationary pressures were starting to bite. Rate hike could be coming as soon as August this year: A rate hike this year would make New Zealand the first developed economy to kick off policy tightening. The Reserve Bank of Australia said earlier this month that it did not expect a rate rise before 2024. for those who have been paying attention ( read this previous idea ) the FXPROFESSOR
Long
by FX_Professor
6
NZDUSD back in support zone, possibility of a pullbackHello traders, in my previous NZD/USD idea, I advised selling NZDUSD@0.7301-0.7320. If you followed that idea, you have certainly made close to 180+ pips profit. (previous idea attached below for your reference) Currently, NZD/USD is back in a support zone and although I am not so bullish on this pair, I still think there is moderate chance for a pullback to the 0.72 level. So, if there is some bullish price action in the support zone, buying NZDUSD@0.7115-0.7125 with SL below 0.7090 and TP at 0.7210 would be a possible short-term buy signal.
Long
by MarcellusLUX
9
NZD/USD | Potential Upward Movement 🚀 Technical Analysis: The price posted a double bottom at the end of the correction and around the 50% Fibonacci retracement level. Now, it is trading above the neckline of this pattern where we believe it will get stuck there and then a rally all the way up to the target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 0.7276 Take Profit @ 0.7305 Stop Loss @ 0.7261 Trade Safely 🙂
Long
by Forex-Robot-Nation