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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

Bearish drop for the Kiwi?The price is reacting off the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.5986 Why we like it: There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6024 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Take profit: 0.5913 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
NZDUSD with two probabilities for 11/5/2024This is my idea Nbr 27 after 25 ✅️ NZDUSD with a high probability to make the decision for 11/5/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
Kiwi Updatethe 50-day EMA is rolling over and preparing to break below the 200-day EMA, forming the so-called death cross. Whether or not this will have a significant impact remains to be seen. It's important to note that the New Zealand dollar is highly sensitive to commodity markets, particularly soft commodities like food. If we break below the 0.5950 level, it's likely we could head down to the 0.5850 level, where a massive double bottom has formed. With rising interest rates in the United States over the long term, it makes sense that the US dollar may continue to strengthen.
Short
by mohammadhassanli
Sliced KiwiThe New Zealand dollar continues to decline, solidifying its position as the second-worst-performing major currency this year . It was trading at 0.5916 USD late Thursday in Wellington and has shed nearly 6.5% against the US dollar since the beginning of the year. By early Friday it had dipped below 0.5900 and was trading at 0.5893. It is falling thanks to the “unceasing advance of the bears”, according to Brett Ottawa at OFX. The KIWI is under noticeable pressure.
Short
by mohammadhassanli
4
NZD/USD rises ahead of jobs data, US electionThe New Zealand dollar is higher on Monday. In the European session, NZD/USD is trading at 0.5991, up 0.49% on the day. The New Zealand dollar is coming off a miserable October, plunging 5.9%. New Zealand releases the third quarter employment report on Wednesday. The markets are braced for soft numbers that point to a deterioration in the labor market. Employment change is expected to decline by 0.4% after a 0.4% gain in the second quarter. As well, the unemployment rate is expected to jump to 5%, from 4.6% in the second quarter. The New Zealand dollar is vulnerable to a weak employment report. The Reserve Bank of New Zealand will be keeping a close eye on the job release. A weak employment report will support for the case for a rate cut at the Nov. 27 meeting. Last month, the central bank made an aggressive cut of 50 basis points, lowering the cash rate to 4.75%. What can we expect at the next meeting? Inflation has been moving lower and eased to 2.2% y/y in the third quarter. This was down sharply from 3.3% in Q2 and more importantly, was back within the RBNZ’s target band of 1%-3%. The decline in inflation has raised expectations of further aggressive cuts and the most likely scenario is another 50-bp cut. Still, the RBNZ has demonstrated in the past that it can be very aggressive and a 75-bp cut cannot be ruled out. The US election on Tuesday is too close to call and the political uncertainty could translate in volatility in the financial markets. With the votes in some swing states expected to be very close, we can expect recounts and even court challenges, which means that the election outcome won’t be determined for days or even weeks, which could leave investors uneasy. The election will be followed by the Federal Reserve rate decision on Thursday, with the markets pricing in a 25-bp cut at close to 100%. NZD/USD tested resistance at 0.6014 earlier. Above, there is resistance at 0.6028 There is support at 0.5988 and 0.5974
by OANDA
1
Market Analysis: NZD/USD Rebound Could Be LimitedMarket Analysis: NZD/USD Rebound Could Be Limited NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance. Important Takeaways for NZD/USD Analysis Today - NZD/USD is attempting a recovery wave above the 0.5960 resistance. - There was a break above a major bearish trend line with resistance near 0.5980 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6030 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6000 against the US Dollar. The pair even dropped below the 50-hour simple moving average and tested 0.5940. A low was formed near 0.5939 and the pair is now attempting a fresh increase. It is back above the 0.5960 level and the 50-hour simple moving average. Besides, there was a break above a major bearish trend line with resistance near 0.5980. The pair surpassed the 50% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5939 low. On the upside, the pair is facing resistance near the 76.4% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5939 low at 0.6010. The next major resistance is near the 0.6030 level. If there is a move above 0.6030, the pair could rise toward the 0.6050 resistance. Any more gains might open the doors for a move toward the 0.6085 resistance zone. On the downside, immediate support on the NZD/USD chart is near 0.5975. The next major support is near the 0.5960 zone. If there is a downside break below 0.5960, the pair could extend the decline toward the 0.5940 level. The next key support is near 0.5910. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
NZDUSD Analysis: Anticipating a Slight Bullish Bias on November NZDUSD Analysis: Anticipating a Slight Bullish Bias on November 4, 2024 Introduction Today, November 4, 2024, the NZDUSD (New Zealand Dollar to US Dollar) pair may see a slight bullish bias, supported by various fundamental factors and current market conditions. This article provides a detailed analysis of NZDUSD, focusing on the key drivers and factors shaping the market to help traders make informed decisions. For TradingView readers, we’ve highlighted essential keywords to enhance SEO visibility, ensuring this article reaches those interested in NZDUSD forex trading. Key Drivers Impacting NZDUSD Today 1. New Zealand's Economic Indicators - Recent data from New Zealand suggest signs of resilience in the economy. The employment change report has shown a steady improvement, with job growth figures remaining healthy, indicating an active labor market. This positive outlook could drive investor sentiment toward the New Zealand dollar, potentially contributing to a slight bullish trend in NZDUSD. 2. US Dollar Weakness amid Mixed Economic Signals - The US Dollar Index has experienced slight declines, attributed to recent mixed economic data from the United States. Employment numbers from the US have fallen short of expectations, indicating potential softening in the labor market. Additionally, lower-than-expected PMI data may weigh on the dollar’s strength, giving the New Zealand dollar room to appreciate against the USD. 3. Interest Rate Differential between RBNZ and the Federal Reserve - The Reserve Bank of New Zealand (RBNZ) has maintained a more dovish approach, yet expectations remain that the RBNZ will keep rates steady. In contrast, the Federal Reserve's signals toward holding interest rates stable could lead investors to seek higher-yielding currencies, such as the New Zealand dollar, in search of better returns. This factor may support a bullish bias for NZDUSD today. 4. China's Economic Conditions and Impact on NZD - China’s economic performance has a significant influence on the New Zealand dollar due to the trade relationship between the two countries. Recent data from China indicate modest improvements in manufacturing and industrial production, which could provide indirect support to the New Zealand dollar. As market sentiment improves around Chinese growth, demand for commodities and related currencies, such as the NZD, might see a boost. 5. Technical Analysis Points to Potential Upside - From a technical perspective, NZDUSD is trading above its 20-day moving average, and the Relative Strength Index (RSI) indicates a near-neutral position, suggesting room for an upward move. Additionally, recent chart patterns hint at possible support near 0.5850, with resistance around 0.5950, creating a scenario where buyers may step in if support levels hold firm. Conclusion In conclusion, NZDUSD could see a slight bullish bias today, with factors such as New Zealand’s stable economic indicators, recent USD weakness, interest rate differentials, and China’s economic health supporting the pair. While this analysis indicates a possible upward movement, traders should remain cautious and monitor any new data releases from both New Zealand and the United States. Stay tuned to TradingView for live updates and further analysis on NZDUSD. Here are nine SEO keywords for your NZDUSD article: 1. NZDUSD forecast 2. New Zealand Dollar to US Dollar 3. NZDUSD analysis 4. Forex trading NZDUSD 5. NZDUSD market outlook 6. NZDUSD today’s trend 7. Forex trading strategies 8. US Dollar weakness impact 9. NZDUSD bullish trend
Long
by PERFECT_MFG
1
NZDUSD If the support of the bottom of the channel is not lostIf the support of the bottom of the channel is not lost, the upward path will continue and imaginable scenarios. As long as it does not lose the bottom of the long-term ascending channel, it will follow the path drawn by the blue arrow in the current descending channel and the target points can be imagined for it. If it hits the bottom of the ascending channel again and loses it, the next support level is marked in the red path. The results of the US presidential election and the upcoming federal conference of the day and the decision regarding the interest rate should also be taken into account.
Long
by mjdyavari
2
Potential bullish rise?The kiwi (NZD/USD) is reacting off the pivot and could rise from this level to the 61.8% Fibonacci resistance. Pivot: 0.5991 1st Support: 0.5939 1st Resistance: 0.6048 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.
Long
by ICmarkets
2
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare