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Nzdusdlong

Pullback on NZDUSD presents an opportunity to sell Looking at the daily time frame, prices are currently testing a key supply zone with potential for further downside. On the M30 time frame, prices broke below the ascending trend line and is facing bearish pressure from the 34EMA as well. A pullback to test its resistance zone at 0.72010 which lines up with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the drop to the next support target at 0.71520, in line with the 78.6% Fibonacci retracement. MACD is showing signs of bearish pressure as well.
Short
by Salzworth
NZDUSD is more likely to rise to 0.74604 and here is whyNZDUSD is more likely to rise to 0.74604 🔍 Technical expectations: 🔹NZDUSD broke the February 2021 downtrend trendline and is more likely that momentum will change to the upside. 🔹Strong bull pressure, NZDUSD will be pushed to 0.73071 and later 0.74640 ❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this. Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍 Many wishes and trade smart!
Long
by Forexintelligence_NA
Potential long opportunityNU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly. Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon. The current price level isn't worth me taking the risk as NU may still move to the downside if DXY tends to continue rising higher. But I will try a small lot size considering 0.71320 area has formed a firm support on 4H Entry: 0.71467 SL: 0.71275 TP: above 0.719 Expected Pips: 20-50 pips Expected Timeline: 1-2 days --- Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
NLong
by mleader1
#NZDUSD is at pivot, potential for bounce!Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.69765 Why we like it: 50% Fibonacci retracement and 61.8% Fibonacci extension level 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70715 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets