Nzdusdforecast
NZD/USD Targets for Election NightFancy selling into uncertainty? This could be a scenario for the NZD/USD in the lead up to the election in New Zealand which is way too close to call for either major political party right now (Labour vs National). Voting has been open all week and closes October 14, with the winner called the same day (but after the close of this trading week).
Polls have the right leaning National party carving out a small lead at the moment, but some hiccups have seen this lead shrink in the past week (e.g., The were caught knowingly lying about amount the average person would receive from their promised tax cuts)
National has also promised to remove the Reserve Bank of New Zealand's mandate to consider employment in its interest rate decisions, which could shift the central bank to a more dovish bias (as current strong employment figures in NZ are perhaps heightening its proclivity to hike). Combine this with the general uncertainty induced by the election, and some downside targets for the NZD/USD could be charted in anticipation for election night and the Monday following the results.
The recent touch point for the 0.5861 is the most obvious target that the pair will have to overcome if it wants to seek lower targets. This would also open up new 2023 lows, with 2022 benchmarks helping set possible targets.
NZDUSD MID-WEEK ANALYSIS-UPDATE 24/09/2023Eyeing a Bullish Reversal After 3-Day Bearish Stint
In the wake of a recent three-day bearish run in the NZD/USD pair, we're seeing intriguing signs that suggest a potential market shift. This coincides with the dynamic between the New Zealand Dollar (NZD) and the US Dollar (USD), fueling expectations for a bullish reversal in the NZD/USD.
Join us as we closely monitor this currency pair's trajectory in the days ahead. Remember, trading carries inherent risks, so stay vigilant and adapt your strategy to the evolving market trends. Happy trading! 📈💰 #NZDUSDForecast #BullishReversal #TradingView
NZDUSD END-WEEK ANALYSIS-UPDATE 24/09/2023Riding the Waves - Awaiting the Next Move
As anticipated, NZD/USD experienced a notable recovery following a drop, aligning with our earlier insights. However, the dynamic of this currency pair is ever-changing, and now, a new shift is on the horizon.
With a stronger US dollar looming, I'm now looking for another potential drop to the downside. Join me in navigating these market fluctuations as we stay vigilant and adapt our trading strategies. Stay tuned for the next chapter in the NZD/USD journey! 📉📈 #NZDUSDAnalysis #MarketOutlook #TradingView
THIS WORKS IF AND ONLY DXY MAINTAINS IT BULLISHNESS ABOVE 105.864
NZDUSD possilbe long for 0.59607th September daily inside bar, range confined within the previous bar range. 8th September daily insurance bar broker previous day inside bar high. signs for accumulation and strength in coming days. demand zone 0.5855-0.5860, stop loss: 0.5845, initial target 0.5940-60.
NZDUSD SWING SIGNAL LONGHello trader friends
New Zealand dollar to US currency pair
Considering the breaking of the dollar index, we can think about long transactions
Due to the inclusion of the pivot in the 4-hour period, there is a possibility of a phase change from bearish to bullish in this currency pair.
Therefore, according to the appropriate risk and reward, we can enter into long positions
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NZDUSD possible long for 0.605528th August daily inside bar, range confined within the previous bar range. 29th August daily insurance bar dictation for strength ahead. if price breaks & hold above then would be considered fake downside breakout. need to break & hold above 0.8986 for trend reversal. initial target 0.6005, next 0.6055. stop loss: 0.5875.
NZDUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD Update Hello Traders,
today i will trade again the FX:NZDUSD for three reasons:
-The first reason is that the FOMC will most likely not raise interest rates from September, considering that interest rates at 5.25%-5.5% on the dollar are at 22 year highs and inflation seems to be slowing down (at least in the markets).
-The second reason is that with a drop of 133 pips in 2 days, it should be retraced, having left several levels of liquidity as you can see on the chart by Volume Profile.
-The third reason is the good volatility of the pair.
It is an intraday operation and I will most likely not take anything overnight.
Levels to watch:
Resistance at 0.6152 - 0.6175 targeting 0.619 or the 0.5 Fibo's
Support at 0.6133- 0.611 Stop below 0.611
Point of Control 0.6210
NZDUSD BUYHi fellow traders, NZDUSD has completed this larger correction in an ABC formation. It's quite common to see a shorter 'C' wave. Since the other dollar quote pairs look ready for a move higher we are expecting to see NZDUSD do this as well. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
NFP trade on NZDUSDLet’s see how this one plays out. I am expecting the market to push price up to my point of interest, triggering the trade. This is a trade I expect to play out for NFP. You guest it, I’m expecting stronger than projected NFP data. This trading idea is a mix of fundamentals and technical analysis. Please comment and add to your watchlist.
NZUSD - Bearish momentumNZDUSD has a bearish momentum for a while, adding to the running position with multiple confluences increasing the probability to the downside. Trend line touch, Fib level 78.6 retracement, support turned resistance and an order block will make this a perfect scenario for a valid setup.