NZDUSD at Key Resistance Level - Will It Drop To 0.56990?OANDA:NZDUSD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control.
The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 0.56990 level. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation.
Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
Do you agree with this analysis? Share your thoughts in the comments!
NZDUSD trade ideas
Heading into pullback resistance?The Kiwi (NZD/USD) is rising towards the pivot which acts as a pullback resistance and could revere to the 1st support.
Pivot: 0.5827
1st Support: 0.5695
1st Resistance: 0.5915
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDUSD: Short Trade with Entry/SL/TP
NZDUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry Level - 0.5739
Sl - 0.5777
Tp - 0.5682
Our Risk - 1%
Start protection of your profits from lower levels
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Heading into pullback resistance?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.5850
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Stop loss: 0.5913
Why we like it:
There is an overlap resistance level that is slightly above the 161.8% Fibonacci extension.
Take profit: 0.5696
Why we like it:
There is a pullback support level.
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NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD Is Going Up! Buy!
Here is our detailed technical review for NZDUSD.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.575.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.582 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZD/USD SHORT ENTRY IDEA📈 NZDUSD Technical Analysis 🚀
🔹 Bullish Channel Formation: The price is moving within an ascending channel, respecting both support and resistance levels.
🔹 Retest & Continuation: After testing the lower boundary, the price is showing bullish momentum towards the upper channel.
🔹 Target Zone: If the structure holds, the price could reach the upper resistance area around 0.5900 - 0.5950.
⚠️ Key Considerations:
• Watch for any potential rejection at key resistance levels.
• Proper risk management is crucial to handle possible pullbacks.
🔥 Let’s see how this plays out! 🚀
NZD-USD Short From Resistance! Sell!
Hello,Traders!
NZD-USD was going up
Yet failed to reach and
Break the horizontal resistance
Of 0.5772 before the trading week's
End so the bulls are not as strong
As we initially thought which
Give us a nice opportunity
To enter a short trade on
The pair on Monday
With the Target of 0.5732
And Stop Loss of 0.5775
Sell!
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NZDUSDOverall price is bearish but it has been bullish as of late. Price is approaching daily resistance so I'd wait to see how price reacts at daily resistance. If price rejects daily resistance then begins forming bearish structure on lower timeframes (M5, M15), I'd start looking to sell towards daily support. If price breaks the daily resistance. then I'd look for buys to the 0.59000 area.
NZDUSD💡The chart shows a technical analysis of the NZDUSD currency pair on the four-hour timeframe. Liquidity and Trend Change: The chart shows a Liquidity Sweep at the bottom, indicating liquidity was accumulated before the price reversed upwards. There is a symmetrical triangle pattern, and the price managed to break through it to the upside. The MACD indicator is showing positive signals with the emergence of buying momentum, supporting the continuation of the upward trend.
⛔️Not investment advice for educational purposes only.
NZDUSD 1H BUY IDEANZDUSD price has entered a range. The price has tested the range high four times before and is now testing it again. However, from a price action perspective, it seems to be holding below the upper resistance without breaking through.
If the price breaks above the 0.57400 level, I expect it to rise by the range’s height. Interestingly, if it moves exactly by the range’s height, it aligns with the upper point of the trendline.
On the other hand, if the price fails to break above 0.574, I anticipate it will test the Fibonacci 0.618 level before making another attempt to push higher. Additionally, there is notable volume around the 0.618 level, which could support a potential bounce.
Could the Kiwi reverse from here?The price is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 0.5722
1st Support: 0.5677
1st Resistance: 0.5750
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDUSD: Bullish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDUSD pair price action which suggests a high likelihood of a coming move up.
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Lingrid | NZDUSD long Trade SETUP in CONSOLIDATION ZoneThe price perfectly fulfilled my previous idea. It hit the target zone. FX:NZDUSD market is currently consolidating after a period of bullish momentum. It has been making false breakouts at previous support and resistance zones, indicating that it is in a sideways trend. The market is approaching the previous day's low, and I believe it may create a false breakout in this zone before moving higher, especially given the prevailing bullish momentum. My goal is resistance zone around 0.57270
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