Nzdusdtrade
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week.
For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 50 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much.
- Thus, COMMODITIES are selling quite fast. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until 0.6550 LEVEL..
Before that, you can SELL at 0.6246 LEVEL.
NZD/USD to remain bid ahead of tomorrow's RBNZ meeting?There are a growing number of calls for the RBNZ to deliver a hawkish 25bp hike tomorrow, due to the government's 'inflationary' budget delivered last week.
This could also potentially result in the RBNZ upgrading their terminal rate in their quarterly forecasts.
NZDUSD is consolidating on the 4-hour chart, having found support above the 200-day EMA. RSI (14) is above 50 and confirming the initial stages of this assumed trend, and OBV (on balance volume) has broken to new cycle highs to suggest underlying bullish pressure.
We've identified around the monthly R1 pivot ~0.6340 for an initial upside target, and the near-term bias remains bullish above the 200-day EMA.
NZDUSD showing upside with the new Cup and Handle Cup and Handle potential is forming on the NZDUSD
The price action hasn't been great as there have been little price movements and not a strong trend.
This is definitely a Medium Probability type trade as nor the buyers nor the sellers know which direction NZD is heading.
Price<200 - Bearish
7=21 = changing
RSI>50
Higher low
Target 0.7695
NZD/USD 4H chart analysis, time for a pullback?As expected, NZD/USD fell strongly from the 0.6380 resistance level in the 4Hour chart. Since then, price
is down 2%. At present, it seems NZD/USD is consolidating in the dynamic support level in the 4H chart.
If we can see multiple bullish candles in the 0.6250 level, it would indicate that a pullback is about to happen.
However, I do no recommend buying right away.
Sellers can wait for a pullback to 0.6350 before selling again.
NZDUSD BUYWelcome . The New Zealand dollar pair is in a positive position. The pair is trying to form a head and shoulders pattern. It is a very strong model. This is just a proactive view of the market. and long term business.Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As I expected in my previous analysis, price made the retracement and filled the imbalance, now I expect a rejection from bearish order block + institutional big figure 0.63000, as we are in a premium zone.
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NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective after the price changed the character, so I am looking for shorts from premium zone. If price fills the imbalances higher and reject from bearish order block I will consider to open a short position.
Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA and on Wednesday will be released Unemployment Rate on NZD. Pay attention to these news, as they are important for the upcoming month and USD bias.
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NZDUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: We can see here that price changed the character and started to form lower highs and lower lows, so I am looking for shorts. For now I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.63000.
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